Shares of Tata Motors fell sharply by 2.39% to ₹964.80 in early trading today following a significant block deal worth ₹1,758 crore. The transaction involved 1.8 crore shares, representing 0.4% of the company’s equity.
The large block trade triggered volatility in the stock, leading to a substantial price drop of ₹23.60 since the market opened. Despite the company’s strong fundamentals, the scale of the transaction raised concerns among investors, contributing to the stock’s decline in morning trading.
Market participants are closely monitoring Tata Motors for further price movements as the impact of the block deal unfolds.
