Tata Group's market value drops $75 billion this year
Tata Group's total market value has dropped by over $75 billion this year, sinking to its lowest point in nearly two years.
Most of their 16 listed companies are feeling the pressure, but TCS—their tech giant—has been hit hardest.
TCS's fall drags down entire group
If you follow big business or tech stocks, this is a major shakeup.
TCS has led the losses, sliding over 8% last week in its steepest drop since 2020, and that's dragging down the entire group.
It shows how global risks and company challenges can ripple through even established brands.
Factors behind the fall
Several things piled up: The US hiked H-1B visa fees in September, making it tougher for Indian IT companies like TCS to do business there. After that, shares of TCS and other tech firms kept sliding.
Meanwhile, Tata Motors's stock fell after a cyberattack disrupted Jaguar Land Rover operations, and other group companies like Tejas Networks lost over half their value—adding to the overall slump.