Aggressive selling saw Tata Motors tumble to a low of Rs 312. The stock finally ended with a loss of 7.8% at Rs 314. The counter logged relatively heavy volume of around 22.31 million shares as against its two-week daily moving average volume of around 9.51 million shares on the BSE. _______________________________________________________ (Updated at 1000 hrs) Tata Motors tumbled nearly 5% to Rs 324 in opening trades this morning after reporting a net loss for the first time in eight years.
The stock is now trading 3% lower at Rs 330, and the counter has seen trades of around 33,500 shares so far on the BSE.
Tata Motors posted a net loss of Rs 2,505 crore for the year ended March 31, 2009, thanks to Jaguar Land Rover of Britain, its problematic acquisition.
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