Tata Motors tumbled 5.88% to Rs 285.80 at 15:12 IST on BSE on media reports that the company has been removed from Credit Suisse Asia Ex-Japan focus list.
Meanwhile, the S&P BSE Sensex was down 247.23 points or 0.96% at 25,616.27.
On BSE, so far 11.98 lakh shares were traded in the counter as against average daily volume of 16.77 lakh shares in the past one quarter.
The stock hit a low of Rs 285.50 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 305 so far during the day. The stock had hit a record high of Rs 605.57 on 3 February 2015.
The stock had underperformed the market over the past one month till 24 September 2015, sliding 1.95% compared with Sensex's 0.47% rise. The scrip had also underperformed the market in past one quarter, declining 29.75% as against Sensex's 6.73% fall.
The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Tata Motors' consolidated net profit fell 48.7% to Rs 2768.91 crore on 6.2% fall in net sales to Rs 60180.57 crore in Q1 June 2015 over Q1 June 2014.
Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.
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