GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Tata Motors Shares Down 4 percent; Top Loser On Sensex, Nifty

After a weak opening, the stock further lost 3.93 per cent to Rs 452.85 on BSE. On NSE, it dipped 3.71 per cent to Rs 454.

Press Trust Of India

Updated:November 24, 2016, 1:32 PM IST
facebookTwittergoogleskypewhatsapp
Tata Motors Shares Down 4 percent; Top Loser On Sensex, Nifty
Tata Motors logo. Reuters/File Photo

New Delhi: Shares of Tata Motors declined by nearly 4 per cent on Thursday after the company called an extraordinary general meeting (EGM) on December 22 to seek shareholders' approval for removing Cyrus Mistry and Nusli Wadia as directors of the firm.

After a weak opening, the stock further lost 3.93 per cent to Rs 452.85 on BSE.

On NSE, it dipped 3.71 per cent to Rs 454.

The stock was the worst performer among the bluechips on both Sensex and Nifty in morning trade.

Ousted from Tata Sons, Mistry continues to be Chairman of group firms like Tata Motors and Tata Chemicals.

Tata Sons, the company's promoter with 26.51 per cent stake, had asked Tata Motors on November 10 to convene an EGM for passing a resolution for removal of Mistry and Wadia as

directors.

In a board meeting held on November 14, independent directors of Tata Motors did not offer unanimous support to his leadership and instead backed all decisions taken by the company.

In a filing to the BSE on Wednesdy, Tata Motors said the company's board at its meeting decided to convene an EGM "to consider and if thought fit, to pass an ordinary resolution for removal of C P Mistry and Nusli Wadia as directors of the company".

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
HDFC Life 344.40 +54.40 +18.76
SBI 337.50 +4.10 +1.23
HDFC 1,705.50 +41.10 +2.47
ICICI Bank 325.10 +6.15 +1.93
Bank of Baroda 183.55 +0.75 +0.41
Company Price Change %Gain
HDFC Life 343.70 +53.70 +18.52
ICICI Bank 325.10 +5.95 +1.86
SBI 337.40 +3.95 +1.18
Rain Industries 329.75 -17.35 -5.00
PNB 190.70 +1.25 +0.66
Top Gainers
Company Price Change %Gain
Tata Power 88.95 +4.15 +4.89
Cipla 608.55 +15.70 +2.65
HDFC 1,705.50 +41.10 +2.47
Maruti Suzuki 8,348.35 +184.65 +2.26
Tata Steel 701.20 +14.85 +2.16
Company Price Change %Gain
Cipla 608.65 +15.65 +2.64
HDFC 1,701.00 +37.05 +2.23
Maruti Suzuki 8,340.70 +175.20 +2.15
Tata Steel 701.35 +14.70 +2.14
Tata Motors 421.45 +7.95 +1.92
Top Losers
Company Price Change %Gain
Tech Mahindra 484.55 -15.35 -3.07
Infosys 970.95 -17.45 -1.77
Bosch 18,965.90 -292.55 -1.52
TCS 2,707.30 -39.35 -1.43
HCL Tech 840.00 -11.90 -1.40
Company Price Change %Gain
Infosys 970.95 -17.65 -1.79
TCS 2,710.10 -36.50 -1.33
ONGC 177.50 -1.85 -1.03
Wipro 294.75 -2.90 -0.97
Asian Paints 1,171.10 -8.95 -0.76

Live TV