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Tata Motors skids after rating downgrade



  • Source: Business Standard - - Read: 0

    Summary:

     

    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 ...

     

     

    Read Full News: https://www.business-standard.com/article/news-cm/tata-motors-skids-after-rating-downgrade-119081600651_1.html


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