Significant price drops have been observed in several key Tata Group shares. Shares of Tata Motors, Trent, Tejas Networks, Nelco, and Tata Chemicals have experienced declines of up to 50%, causing disappointment among investors.
Tata Group Shares: The recent market downturn has impacted Tata Group shares. Many significant Tata shares are trading as much as 68% below their year-high levels. This decline may be attributed to market weakness, changes in company performance, or fluctuations in investor sentiment. Let's examine the current status and reasons for the price drops of some key Tata Group companies.
Tata Motors' Decline: What are the Reasons?
Tata Motors shares are currently trading around ₹620. The company's current market capitalization is ₹2,28,436.20 crore. Tata Motors' share price has fallen by approximately 45% from its 52-week high of ₹1179. The share price has decreased by 17.16% this calendar year and by 35.21% compared to last year. Over the past six months, the share price has dropped by 42.44%.
Specifically, Tata Motors' Price-to-Earnings (P/E) ratio is 7.18, indicating that investors are paying 7.18 times the earnings per share. This figure is significantly lower than last year, when the P/E ratio was 66.76.
Trent Limited: Significant Price Drop
Shares of Tata Group company Trent Limited have fallen by 41% from their all-time high of ₹8,345. The company's 52-week high is ₹8,345, and its 52-week low is ₹4853. Over the past six months, the share price has decreased by 29.70%, and over the past three months, it has fallen by 27.57%. In the last month alone, the share price has dropped by 19.30%.
Tejas Networks Limited: Substantial Share Price Decline
Tejas Networks Limited has a market capitalization of ₹12,511.13 crore, and its shares are currently trading at ₹720. This share price has fallen by approximately 50% from its 52-week high of ₹1,495.10. Its price has decreased by 39.55% this calendar year and by 4.84% compared to last year.
NELCO: Another Affected Company
Shares of Tata Group company Nelco Limited closed at ₹753 on Monday, down 0.34%. This share price has fallen by 48.79% from its all-time high. Over the past six months, its price has dropped by 39%, and in the last month, it has decreased by 23.51%.
Tata Chemicals: Continuing Price Decline
Tata Chemicals shares have also fallen by 42% from their all-time high. The company's shares closed at ₹787.50 on Monday, down ₹9.85 or 1.27%. Over the past three months, the share price has decreased by 30.68%, and over the past six months, it has fallen by 28.93%. The share price has dropped by 19.03% over the past year.
