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:   
|

Read More

Former CJI Kapadia joins BSE

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

Advertisements

Quick Links

 

Market News

Another year of sugar supply glut on the cards

This, despite the 1% fall in cane sowing area

FMC gives conditional nod to MCX for launching contracts till March

However, the regulator also directed MCX to take all pending actions on findings of PwC Report and furnish a new compliance report by 15th Oct, ...

Shares up on Chinese stimulus, hopes of delay in US ratehike

The BSE Sensex gained 138 points or 0.5% to close at 26,63

Rubber output drops 26% in Aug; imports continue to surge

The production between April and August, the first five months of the current financial year, saw a 4.5% rise in overall production, to 277,000 ...

Another sugar supply glut year in the offing

India's sugar production to rise 3-5% in 2014-15, 1.5 million tonnes higher than consumption, price to remain subdued

Back to Top