Tata Motors skids after rating downgrade
Tata Motors fell 2.15% to Rs 118.25 at 11:23 IST on BSE after CRISIL Ratings downgraded the credit rating of the company.
The announcement was made during market hours today, 16 August 2019.
Meanwhile, the S&P BSE Sensex was down 47.36 points or 0.13% to 37,264.17.
On the BSE, 8.85 lakh shares were traded in the counter so far compared with average daily volumes of 26.97 lakh shares in the past two weeks. The stock hit a high of Rs 120 and a low of Rs 117.4 so far during the day.
The stock hit a 52-week high of Rs 282 on 10 Sep 2018. The stock hit a 52-week low of Rs 116.4 on 07 Aug 2019.
CRISIL Ratings downgraded the auto maker's long term rating from CRISIL AA/ Negative to CRISIL AA-/ Negative while it kept the short term rating unchanged at CRISIL A1+. The rating agency ...