homemarket NewsThis Tata Group stock has lost ₹20,000 crore in market capitalisation in two weeks

This Tata Group stock has lost ₹20,000 crore in market capitalisation in two weeks

On March 7, the stock had made a record high of ₹9,756. Since then, it has corrected 38% from those levels to close at ₹5,960 on Friday.

By Hormaz Fatakia  Mar 22, 2024 3:40:40 PM IST (Updated)

2 Min Read

Shares of Tata Investment Corporation Ltd. ended in a 5% lower circuit for the ninth out of the last 10 trading sessions. The stock has declined over 21% this week after a 22% drop last week.
On March 7, the stock had made a record high of ₹9,756. Since then, it has corrected 38% from those levels to close at ₹5,960 on Friday.
This 10-day drop has meant that the stock has lost nearly ₹20,000 crore in market capitalisation. The company's market cap has gone down from ₹49,365 crore on March 7 to ₹30,155 crore two weeks later.