Business Standard

Tata Motors ADRs dip by 10%

Prospects of weak margins for JLR pushes stock down

Related News

(ADRs) of Tata Motors were trading down by almost  9.7% after its subsidiary Jaguar Land Rover said it will report lower margins in October-December 2012 quarter.

ADR was trading on NYSE at $27.04, down by $2.92 in as per latest data.

The margins are likely to be compared with the previous two quarters due to exchange rate fluctuations and a higher mix of Evoque sales, the company said today.

JLR also said it will raise $400 million (over Rs 2,100 crore) through issue of bonds to support its operational costs and future growth plans.

Read more on:   
|

Tata Motors ADRs dip by 10%

Prospects of weak margins for JLR pushes stock down

American Depository of Receipts (ADRs) of Tata Motors were trading down by almost  9.7% after its subsidiary Jaguar Land Rover said it will report lower margins in October-December 2012 quarter.

American Depository of Receipts (ADRs) of Tata Motors were trading down by almost  9.7% after its subsidiary Jaguar Land Rover said it will report lower margins in October-December 2012 quarter.

ADR was trading on NYSE at $27.04, down by $2.92 in as per latest data.

The margins are likely to be compared with the previous two quarters due to exchange rate fluctuations and a higher mix of Evoque sales, the company said today.

JLR also said it will raise $400 million (over Rs 2,100 crore) through issue of bonds to support its operational costs and future growth plans.

image

Read More

Former CJI Kapadia joins BSE

Nominated to post by Sebi, takes over as public interest director

Recommended for you

Advertisements

Quick Links

Market News

Banks, rate-sensitives drive markets ahead of RBI policy

The Sensex surges 302 points; logs first weekly gain in three weeks. The Nifty rises 95 points

Delivery-based volumes hit one-year high in March

Earlier, in March 2014, more than half, or 51%, of the total traded shares got converted into delivery before the general elections

Gold shipments into Gujarat register highest rise in last four years: GSECL

The official added that rise in import of gold is a sign that the economy is recovering slowly

FY16 begins on a firm note; Sensex ends 300 points higher

The 30-share Sensex gained 303 points to end at 28,260 and the 50-share Nifty soared 95 points to close at 8,586

Sensex gains over 300 points led by financials

Provisionally, the 30-share Sensex gained 134 points to end at 28,091 and the 50-share Nifty soared 39 points to close at 8,530

 

Back to Top