Meanwhile, the S&P BSE Sensex was down 228.85 points, or 1.17%, to 19,266.97.
On BSE, 3.09 lakh shares were traded in the counter as against an average daily volume of 8.91 lakh shares in the past one quarter.
The stock hit a high of Rs 290.20 and a low of Rs 282.50 so far during the day. The stock had hit a 52-week high of Rs 337.05 on 10 January 2013. The stock had hit a 52-week low of Rs 202.95 on 26 July 2012.
The stock had underperformed the market over the past one month till 5 July 2013, sliding 3.57% compared with the Sensex's 0.37% fall. The scrip had, however, outperformed the market in past one quarter, rising 16.02% as against Sensex's 5.67% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
According to reports, Tata Motors' owned Jaguar Land Rover (JLR) production line in the UK may halt within weeks after delivery workers from DHL voted for strike, demanding a large pay rise and similar terms and conditions on par with the JLR staff.
The staff of logistics giant DHL, which has about 1,800 workers at JLR's three main factories -- 1,000 between Castle Bromwich and Solihull in the Midlands and 800 at Halewood, Merseyside, perform a key role in managing warehouse operations and bringing parts to production lines.
Reports suggested that production could stop soon without parts reaching the production line. Any shutdown could potentially dent JLR's position as the biggest exporter of manufactured goods in the UK, reports added.
Tata Motors' consolidated net profit declined 36.7% to Rs 3945.47 crore on 10.2% growth in total income to Rs 56262.82 crore in Q4 March 2013 over Q4 March 2012.
The fall in Tata Motors' bottom line in Q4 March 2013 was due to base effect. Tata Motors had accounted for a large tax credit in Q4 March 2012. Tata Motors' British luxury car unit JLR had accounted for tax credit of 225 million pounds (Rs 1794 crore) in Q4 March 2012 for past income tax losses. Tata Motors' profit before tax (PBT) rose 6.1% to Rs 4694 crore in Q4 March 2013 over Q4 March 2012.
Tata Motors attributed revenue growth to strong demand, growth in volumes and favourable market mix at JLR and favourable operating foreign exchange at the British luxury car unit.
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.
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