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Tata Motors reverses four-day 20% advance on profit booking

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Press Trust of India Mumbai

Halting its four-day gaining streak, shares of Tata Motors fell by over 3% on the bourses today as investors booked profits.

Shares of the auto major, the biggest loser among the Sensex blue-chips during morning trade, fell by 3.36% to a low of Rs 170.80 on the BSE.

In the past four trading sessions, the stock has advanced by 20%.

On the NSE, the stock shed 3.45% to a low of Rs 170.65.

The decline in the stock was in huge contrast to the overall bullish trend in the market, with the BSE benchmark Sensex trading higher by 208.15 points, or 1.26%, to 16,744.62 at 1045 hours.

 

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First Published: Oct 12 2011 | 11:33 AM IST

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