Shares of Tata Motors on Thursday slumped over 6 per cent on heavy selling amid reports the company issued a profit warning at its Jaguar Land Rover unit.
After falling over 9 per cent during the day, shares of the company finally ended at Rs. 293.55, down 5.91 per cent on the BSE. At NSE, the scrip tumbled 6.12 per cent to Rs. 293.90. Following the dip in its share price, the market cap of Tata Motors slipped Rs. 4,999 crore to Rs. 79,485 crore. Fall in Tata Motors scrip was significant in pulling the BSE benchmark Sensex down by 102.83 points to 19923.78.
