The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems Zoom Phone, an enterprise cloud phone system and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Automotive Stampings and Assemblies, Voltas, Tata Communications, Rallis India, Tata Steel Long Products, Tata Motors, Tata Metaliks and Tata Power Company also lost between 3 per cent-39 per cent YTD.Zoom Video Communications, Inc. We expect simplification of the group structure to continue ahead, but a big reduction in the number of subsidiaries will only occur after the sale/closure of its international subsidiaries.”īrokerages BOB Capital Markets and Anand Rathi maintained ‘Buy’ rating on Tata Steel with a target price of Rs 140 and 146, respectively, after the announcement of merger.Īlso Read | Tata Steel shares trading below Rs 100 level for fourth session, more downside likely?Īmong the other major losers, shares of Tata Teleservices (Maharashtra) declined 50 per cent in 2022 so far.

Motilal Oswal Financial Services said, “Tata has been trying to simplify the group structure, which will reduce its regulatory costs and improve synergies. Of late, Tata Steel, which is down nearly 13 per cent YTD, hogged the limelight after the board of the company last week approved the amalgamation of its seven subsidiaries including Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into itself.Īccording to market watchers, the group announced the merger of seven of its Indian subsidiaries to simplify its mammoth corporate structure.

Why zoom stock is falling