Tata Motors drops after 3-day 5.3% rally

Meanwhile, the S&P BSE Sensex was up 11.74 points or 0.06% at 20,001.92.

On BSE, 1.63 lakh shares were traded in the counter as against average daily volume of 8.71 lakh shares in the past one quarter.

The stock hit a high of Rs 303.70 and a low of Rs 295.20 so far during the day. The stock had hit a record high of Rs 337.05 on 10 January 2013. The stock had hit a 52-week low of Rs 202.95 on 26 July 2012.

The stock had outperformed the market over the past one month till 8 May 2013, jumping 17.03% compared with the Sensex's 8.42% surge. The scrip had also outperformed the market in past one quarter, surging 5.31% as against Sensex's 2.59% rise.

The large-cap company has equity capital of Rs 638.01 crore. Face value per share is Rs 2.

Shares of Tata Motors had rallied 5.39% in three trading sessions to settle at Rs 300.70 on Wednesday, 8 May 2013, from a recent low of Rs 285.30 on 3 May 2013.

Tata Motors' total sales fell 15% to 51,160 in April 2013 over April 2012. Total domestic sales fell 17% to 47,595 in April 2013 over April 2012. Exports rose 28% to 3,565 during the period. The company announced the monthly sales data on 1 May 2013.

Tata Motors' consolidated net profit declined 52.2% to Rs 1627.50 crore on 1.4% growth in net sales to Rs 45821.31 crore in Q3 December 2012 over Q3 December 2011.

Tata Motors is an automobile major. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, South Africa and Indonesia. Among them is Jaguar Land Rover (JLR), the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.

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