Tata Motors drops as ADR falls

Tata Motors fell 1.88% to Rs 219 at 09:24 IST on BSE after the company's American depository receipt or ADR declined 2.26% to settle at $19.88 on the New York Stock Exchange on Thursday, 2 August 2012.

Meanwhile, the BSE Sensex was down 78.64 points or 0.46% to 17,145.72

On BSE, 67,446 shares were traded in the counter as against average daily volume of 17.53 lakh shares in the past one quarter.

The stock hit a high of Rs 221 and a low of Rs 218.60 so far during the day. The stock had hit a record high of Rs 320.60 on 20 April 2012. The stock had hit a 52-week low of Rs 137.65 on 13 September 2011.

The stock had underperformed the market over the past one month till 2 August 2012, falling 6.36% compared with the Sensex's 1% fall. The scrip had also underperformed the market in past one quarter, sliding 26.74% as against Sensex's 0.45% fall.

The large-cap company has an equity capital of Rs 637.93 crore. Face value per share is Rs 2.

Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles rose 15% to 73,491 vehicles in July 2012 over July 2011. The company's domestic sales of Tata commercial and passenger vehicles rose 18% to 68,627 units in July 2012 over July 2011. Cumulative sales (including exports) for the company for the fiscal year ending March 2013 are 262,299 units, higher by 2%, over 256,800 units sold last year. The sales figures were released after market hours on Wednesday, 1 August 2012.

Commercial vehicles sales in the domestic market rose 4% to 42,387 units in July 2012 over July 2011. LCV sales were 29,601 units in July 2012, a growth of 19%, compared to 24,962 vehicles sold in July 2011. M&HCV sales stood at 12,786 units in July 2012, lower by 19%, compared to 15,836 vehicles sold in July 2011.

Passenger vehicles sales rose 53% to 26,240 units in July 2012 over July 2011. Sales of the Tata Nano were 5,485 units in July 2012, higher by 68%, compared to 3,260 units, in July 2011. The Indica range sales were 8,852 units in July 2012, higher by 51%, over 5,860 units, sold in July 2011. The Indigo range recorded sales of 6,816 units in July 2012, higher by 40%, over 4,877 units, sold in July 2011. The Sumo/ Safari/ Aria/ Venture range sales were 5,087 units in July 2012, higher by 59%, over 3,195 units, sold in July 2011.

Jaguar Land Rover sales in India continued their upward trend, Tata Motors said in a press release.

Tata Motors exports sales fell 16% to 4,864 vehicles in July 2012 over July 2011. The cumulative sales from exports for the fiscal are 17,935 units, lower by 13%, over 20,657 units, sold in the same period last year.

Tata Motors will declare its Q1 June 2012 results on 9 August 2012. The company's consolidated net profit jumped 136.4% to Rs 6234 crore on 44% growth in net sales to Rs 50608.64 crore in Q4 March 2012 over Q4 March 2011. The company unveils Q1 June 2012 results on 9 August 2012.

Tata Motors is a market leader in commercial vehicles in India and one of the leading passenger vehicles makers. Tata Motors, through subsidiaries and associate companies, has operations in the UK, South Korea, Thailand and Spain. 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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