Tata Motors stock falls to 52-week low

Tata Motors’ stock today plunged over 4 per cent to hit a one year low on the BSE,extending the losses it suffered yesterday after its Group CEO and Managing Director Carl-Peter Forster quit the company.

The company’s stock declined 4.61 per cent to settle at Rs 139.65 on the BSE today,becoming the top loser among the Sensex blue-chips. During the day,the stock plummeted 5.97 per cent to hit a 52-week low of Rs 137.65.

The company,after the close of market on Friday last week,said Forster had resigned as the Group CEO and Managing Director with immediate effect.

Tata Motors yesterday said the sudden exit of Forster will not impact the future of JLR,stating that “it would be wrong to credit” the former executive for turning around the British marque.

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