Tata Motors declines after muted JLR sales in US

Tata Motors lost 1.6% to Rs 384.45 at 13:12 IST on BSE after the company's British luxury car unit Jaguar Land Rover reported just a 1% rise in its US sales at 9,421 units in August 2017 over August 2016.

Meanwhile, the S&P BSE Sensex was down 231.52 points or 0.73% at 31,660.71.

On the BSE, 4.43 lakh shares were traded on the counter so far as against the average daily volumes of 18.91 lakh shares in the past one quarter. The stock had hit a high of Rs 396.05 and a low of Rs 381.40 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 357.95 on 11 August 2017.

The stock had underperformed the market over the past one month till 1 September 2017, sliding 12.58% compared with the Sensex's 2.1% fall. The stock had also underperformed the market over the past one quarter, declining 17.99% as against the Sensex's 2.42% rise. The scrip had also underperformed the market over the past one year, sliding 28.13% as against the Sensex's 12.2% rise.

The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

Jaguar US sales declined 6% to 3,101 units in August 2017 over August 2016. Land Rover US sales rose 5% to 6,320 units in August 2017 over August 2016.

Tata Motors' consolidated net profit rose 41.6% to Rs 3199.93 crore on 10% decline in net sales to Rs 58493.37 crore in Q1 June 2017 over Q1 June 2016.

Tata Motors is a market leader in commercial vehicles in India. The company's British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

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