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Tata Motors slips in volatile trade

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Tata Motors fell 0.56% to Rs 372.55 at 09:25 IST on BSE after the company's British luxury car unit Jaguar Land Rover announced rise in US sales in December 2015.

Meanwhile, the BSE Sensex was down 38 points, or 0.15%, to 25,542.34

On BSE, so far 55,286 shares were traded in the counter, compared with an average volume of 6.90 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 0.89% at the day's high of Rs 378 so far during the day. The stock fell as much as 0.84% at the day's low of Rs 371.50 so far during the day. The stock hit a record high of Rs 605.57 on 3 February 2015. The stock hit a 52-week low of Rs 279.15 on 29 September 2015.

 

The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Jaguar Land Rover (JLR) North America yesterday, 5 January 2016, said its US sales rose 30% to 9,638 units in December 2015 over December 2014. Land Rover sales rose 47% to 8,441 units in December 2015 over December 2014. Jaguar sales fell 29% to 1,197 units in December 2015 over December 2014. JLR is British luxury car unit of Tata Motors. The sales figures were announced after close of Indian market hours yesterday, 5 January 2016.

Tata Motors after market hours on Friday, 1 January 2016 said that total passenger and commercial vehicles sales declined 4% to 39,973 units in December 2015 over December 2014.

On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 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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First Published: Jan 06 2016 | 9:31 AM IST

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