Shares of Tata Motors slumped over 6 per cent today, wiping out Rs 5,283 crore from its market valuation amid concerns over auto tariff threat by the US.
The stock dropped 5.94 per cent to settle at Rs 289.85 on BSE. During the day, it tanked 6.53 per cent to Rs 288.
On NSE, shares of the company plunged 6.31 per cent to close at Rs 288.55.
led by the sharp fall in the stock, the company's market valuation tumbled Rs 5,283.2 crore to Rs 83,689.80 crore.
The stock was the worst hit among blue chips on both key indices.
In terms of equity volume, 13.75 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.