Tata also shaken, a shock of one and a half million crores in a single day from the stock market
New Delhi:
The tremendous impact of American President Donald Trump’s installing recipe tariff on various countries of the world appeared on the stock markets around the world on Monday. On Monday, the shares of many companies fell in the Indian markets. Its impact was also seen on Tata Motors Stock Price. The company saw a huge decline in the company’s shares after the Tata company Jaguar Land Rover (JLR) reports of stopping the shipment of vehicles. JLR has taken this decision after the US implemented 25% tariffs on imported luxury vehicles.
In a difficult time, investors are attracted to such companies, which are standing firmly even in such times. Tata group companies fall into this category. Investors have always believed in Tata group companies. However, on Monday, investors were shocked by the Tata group. The effect of Trump Tariff was so tremendous that about 1.49 lakh crore rupees of Tata group companies were cleared in a single day.
Damage to all Tata companies
Tata Group company Tata Steel suffered a major setback on Monday. The shares of the metal sector company lost 12 per cent in a single day. On Monday, a strong selling was seen in the shares of the metal sector. Along with this, Monday was not less than a nightmare for Tata group’s IT -fledged veteran company TCS. Seeing the Rs 47,500 crore from the company’s market cap, the wind became air. At the same time, the consumer dispensary’s veteran Titan has lost Rs 6,392 crore, while the shares of other companies of the group have also seen a strong selling. Tata Group’s Trent, Tata Power, Indian Hotels and Tata Consumer have also suffered heavy losses ranging from Rs 1,500 crore to Rs 32,000 crore.
Share reached 52 weeks
Tata Motors Share Price fell by 11.61% to Rs 542.55 on BSE, which is the lowest level of 52 weeks. At the same time, the stock fell by 12.72% to Rs 535.75 on the NSE. This decline became more important when there was an atmosphere of decline in the entire global market. Both Sensex and Nifty index broke over 5% on Monday.
Why did JLR stop shipment to America?
JLR said that America is a big market for its luxury vehicles. But after the new tariff rules, the company is now making further strategy with its trade partners. In this process, it has been decided to stop shipment for April. The company said that at the moment it is focusing on short term action, so that mid and long term plans can be prepared.
How important for America JLR?
In FY24, about 23% of the JLR sold more than 4 lakh units sold only in America. All these units were exported from UK plants. From April 3, the new 25% tariff policy of Trump administration has been implemented, the effect of which is now visible on the companies.
The impact of tariff on global market also
The impact of Trump’s tariff policy is visible not only on Tata Motors, but on the entire global economy. China has also retaliated, which has increased the fear of trade war. This is the reason that on Monday, Asian and American markets saw a big decline, which also had a direct impact on the Indian stock market.
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