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.

(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

Speciality Restaurants dips on weak Q4 results

The stock dipped 8% to Rs 159 on the BSE.

Rupa & Company hits new high; zooms over 90% in six days

The stock hit a new high of Rs 437, and has zoomed by 93% in the past six trading sessions on the NSE from Rs 226 on May 21.

Ador Welding surges over 10% on fund buying

On May 28, Sundaram Mutual Fund purchased 170,000 equity shares of Ador Welding at Rs 209.50 per share.

Nifty above 8,400; rate-sensitves gain on rate cut hopes

At 11:37, the Sensex was trading higher by 295 points at 27,802 mark and the Nifty gained 92 points at 8,411

BPCL hits new high, HPCL nears record high as Q4 profits beat estimates

HPCL surged 6% to Rs 674, while BPCL hit a new high of Rs 852 on the NSE in intra-day trade.

 

Back to Top