No one is safe: Time-tested Tata stocks see Rs 1.5 lakh crore wiped out in Monday's market crash
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In times of crisis, investors usually flock to familiar and time-tested names. Tata Group companies fall under this category. However, a single-day crash—driven entirely by global factors—wiped out nearly Rs 1.49 lakh crore ($18.06 billion) in market capitalization within just a few hours. It serves as a stark reminder that no stock is immune during one of the most uncertain phases in recent market history. On Monday, the Sensex slumped over 4,000 points as U.S. President Donald Trump reignited recession fears with the announcement of reciprocal tariffs. Tata Motors, which has halted Jaguar Land Rover (JLR) shipments to the U.S., led the group’s slide, plunging nearly 10%. The stock lost nearly Rs 19,000 crore in market value in just three hours. Since Trump announced import duties on March 26, Tata Motors has declined 22%. The U.S. was one of JLR’s few growth markets last year, accounting for over a quarter of its global sales of Range R...