Tata Motors fell 1.76% to Rs 409.70 at 9:33 IST on BSE after the company reported a 35.56% decline in total vehicle sales to 39,951 units in February 2014 over February 2013.
The company made the announcement on Saturday, 1 March 2014.
Meanwhile, the BSE Sensex was down 61.23 points, or 0.29%, to 21,058.89.
On BSE, so far 47,000 shares were traded in the counter, compared with an average volume of 6.64 lakh shares in the past one quarter.
The stock hit a high of Rs 414 and a low of Rs 409.20 so far during the day. The stock hit a record high of Rs 418 on 28 February 2014. The stock hit a 52-week low of Rs 252.10 on 5 April 2013.
The stock had outperformed the market over the past one month till 28 February 2014, rising 17.07% compared with the Sensex's 2.11% rise. The scrip had also outperformed the market in past one quarter, rising 4.79% as against Sensex's 2.85% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' domestic passenger vehicle sales rose 6.71% to 11,325 units in February 2014 over February 2013.
The company's sales of commercial vehicles fell 49.38% to 23990 units in February 2014 over February 2013.
Exports rose 16.02% to 4,636 units in February 2014 over February 2013.
On a consolidated basis, Tata Motors' net profit surged 195.23% to Rs 4804.80 crore on 38.37% increase in total income to Rs 64034.30 crore in Q3 December 2013 over Q3 December 2012.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 188818 crore in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, 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 8 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 fifth largest truck manufacturer and fourth largest 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.
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