Tata Motors fell 1.06% to Rs 386.70 at 12:05 IST on BSE, with the stock reversing recent gains on profit booking.
Meanwhile, the BSE Sensex was down 35.29 points, or 0.17%, to 20,572.25
On BSE, 3.84 lakh shares were traded in the counter compared with average volume of 9.90 lakh shares in the past one quarter.
The stock rose as much as 0.55% at the day's high of Rs 393, matching its record high hit in intraday trade on Monday, 14 October 2013. The stock fell as much as 2.16% at the day's low of Rs 382.40 so far during the day. The stock hit a 52-week low of Rs 245.35 on 30 October 2012.
The stock had outperformed the market over the past one month till 14 October 2013, rising 17.25% compared with the Sensex's 4.43% rise. The scrip had also outperformed the market in past one quarter, gaining 33.88% as against Sensex's 3.25% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Shares of Tata Motors were on a roll recently, gaining 12.33% in five trading days to Rs 390.85 on 14 October 2013 from a recent low of Rs 347.95 on 7 October 2013. The gains caught momentum after Tata Motors' British luxury car unit Jaguar Land Rover (JLR) on Thursday, 10 October 2013, said its retail sales jumped 17% to 43,181 vehicles in September 2013 over September 2012. Sustained sales growth continues for JLR, with increase in retail sales in all major regions, JLR said in statement. Retail sales of the Land Rover brand rose 13% to 34,719 vehicles in September 2013 over September 2012. Sales of the Jaguar brand jumped 35% to 8,462 vehicles in September 2013 over September 2012.
Tata Motors' consolidated net profit fell 23.1% to Rs 1726.07 crore on 8.3% growth in net sales to Rs 46751.26 crore in Q1 June 2013 over Q1 June 2012.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,88,818 crore ($34.7 billion) in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.
Powered by Capital Market - Live News
