Tata Consumer Products Limited has seen its market capitalization decline by approximately ₹9,170 crore as the stock plummeted 8.40% to ₹1,001.40 as of 10:16 AM today. The sharp decline comes amidst a broader market weakness and disappointing earnings results.
Stock Price and Market Impact:
- Previous Close: ₹1,093.25
- Open: ₹1,047.00
- High: ₹1,059.45
- Low: ₹991.25
- Current Price: ₹1,001.40 (down ₹91.85 or -8.40%)
Following this significant drop, Tata Consumer Products’ total market capitalization now stands at ₹99,078.87 crore, reflecting a substantial loss in value. The free-float market cap is now ₹65,022.96 crore.
Trading Information:
- Traded Volume: 36.78 lakh shares
- Traded Value: ₹372.71 crore
- % Deliverable / Traded Quantity: 46.03%
MCAP Impact:
The decline in Tata Consumer’s stock price has wiped off ₹9,170 crore from its total market capitalization, driven by weaker-than-expected earnings results and market sentiment.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult a financial advisor before making any investment decisions.
