The Avenue Supermarts founder and promoter offloaded these shares at a price of Rs 325 apiece.
Tata Motors PV shares today ended at Rs 314.30 on the BSE, down by Rs 10.15 or 3.13% over the Thursday closing price.
The stake sale by Damani comes at a time when the stock has seen a steep decline with share price declining by more than half. Its shares have plunged 53% on a one-year basis according to Trendlyne data.
TMPV began trading as a separate entity on October 14, 2025, with an opening price of around Rs 400 per share. The demerger separated the Passenger Vehicle (PV) and Commercial Vehicle (CV) businesses.
The stock today hit a 52-week low of Rs 308.50.
Also read: BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six monthsAt the current market price, the stock is trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 361 and Rs 522, respectively. It is the worst performing Nifty stocks on the basis of 12-month returns.
TMPV reported a consolidated loss of Rs 3,486 crore in the third quarter, compared with the profit of Rs 5,406 crore in the year-ago period. Revenue from operations fell 26% year-on-year (YoY) to Rs 70,108 crore.
Both the bottomline and topline were severely affected by the JLR cyber incident. The company said it is poised for strong recovery in the fourth quarter.
The company reported an EBIT loss of Rs 3,300 crore. The domestic performance improved on a sequential basis on due to higher volumes and incentives.
JLR’s revenue for the quarter was £4.5bn, down 39% versus Q3FY25. This was largely driven by reduction in wholesale volumes, which were impacted following the cyber incident, with production only returning to normal levels by mid-November and the time being required thereafter to distribute vehicles globally.
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