A maturing market amid the mayhem
Tata Motors’ shares drop 6.6 pct
The stocks declined 7.4 percent on the NSE.
Tata Motors was the top Sensex loser and also pulled the BSE Auto Index down 1.72 percent, making it the worst sectoral performer of the day.
The company on Friday said it has raised $750 million by issuing GDRs and convertible bonds to pay down debt taken on for its acquisition of JLR brands last year.
Investors have been rewarded quite well recently, with Tata Motors’ shares jumping over 200 percent since April, outperforming the 100 percent rise in the auto index during the same period.
Would you be optimistic about this stock now? Or do you think it can fall further?