Tata Motors lost 4.53% to Rs 390.95 at 11:27 IST on BSE, after the company revised downwards its total sales of commercial and passenger vehicles in April 2016 over April 2015 from figures announced earlier.
Meanwhile, the S&P BSE Sensex was down 66.71 points or 0.26% at 25,162.99
On BSE, so far 4.34 lakh shares were traded in the counter as against average daily volume of 7.76 lakh shares in the past one quarter. The stock hit a high of Rs 406.75 and a low of Rs 388 so far during the day. The stock had hit a 52-week high of Rs 530.95 on 11 May 2015. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 3 May 2016, rising 7.89% compared with the Sensex's 0.16% fall. The scrip also outperformed the market in past one quarter, surging 27.77% as against Sensex's 4.15% gains.
The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Tata Motors announced that its total sales of commercial and passenger vehicles rose 8.9% to 39,418 units in April 2016 over April 2015. Domestic sales of Tata commercial and passenger vehicles rose 10% to 35,633 units in April 2016 over April 2015. Sales from exports were flat at 3,785 units in April 2016 compared with corresponding previous year. The company announced the revised monthly sales volume data after market hours yesterday, 3 May 2016.
Shares of Tata Motors had settled with gain of 0.54% to Rs 409.50 yesterday, 3 May 2016 after the company announced that its total commercial and passenger vehicles sales rose 9.9% to 39,763 units in April 2016 over April 2015. The company announced the monthly sales volume data after market hours on Monday, 2 May 2016. Domestic sales of Tata commercial and passenger vehicles rose 11% to 35,978 units in April 2016 over April 2015, as per the company's announcement on 2 May 2016. Sales from exports were flat at 3,785 units in April 2016 compared with corresponding previous year.
On consolidated basis, Tata Motors' net profit fell 2% to Rs 3507.54 crore on 3.7% growth in net sales to Rs 71686.12 crore in Q3 December 2015 over Q3 December 2014.
Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.
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