Friday, Jun 02, 2023 | New Delhi 31*C

Tata Sons: One decision of Tata and a loss of 45 thousand crore rupees in two minutes to the largest company

TCS shares are witnessing a major decline. At 9.45 am, the company's share fell by 2.72 percent to Rs. was trading at 4032.20. While the shares of the company fell to Rs 4021.25 within 2 minutes of the start of trading.
2 Month ago

The stock market of Ratan Tata's largest company has recorded a big drop on Tuesday. Because of this, about 45 thousand crores of rupees have been destroyed from the market cap of the company in just two minutes. In fact, according to a report, Tata Sons has decided to reduce its stake in TCS. The company has about Rs. 9300 crore shares have been planned to be sold. The special thing is that the company will sell these shares at a discount of 3.6 percent. The effect of which is clearly visible in the company's shares today. Let us also tell you how much the company's stock has fallen in recent times.

TCS shares fall sharply

According to data from the Bombay Stock Exchange, TCS shares are witnessing a major decline. At 9.45 am, the company's share fell by 2.72 percent to Rs. was trading at 4032.20. While the shares of the company fell to Rs 4021.25 within 2 minutes of the start of trading. While a day earlier the shares of the company closed at Rs.4144.75. According to the information, the shares of the company opened at Rs 4055.65 this morning.

A decrease in the market cap of the company

On the other hand, the market cap of TCS has seen a huge decline. A day ago the market cap of the company was more than 15 lakh crore rupees. In which today there has been a decrease of about 46 thousand crore rupees. According to the information, when the shares of the company hit the low of the day, the market cap of the company was Rs. 14,54,923.43 crores. Currently, the market cap of the company is seen at Rs 14,63,534.49 crore.

Crash in the stock market

On the other hand, the overall market is seeing a decline. The benchmark index of the Bombay Stock Exchange was trading at 72,441.89 points, down nearly 300 points at 9.50 am. While during the trading session, the Sensex fell by more than 400 points to 72,316.09 points. On the other hand, Nifty, the main index of the National Stock Exchange, is also seeing a decline of more than 100 points. Nifty is currently trading at 21,947.40 points after falling below the 22000 points level. However, the Nifty also touched a low of 21,922.05 points during the trading session.

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