Tata Motors extends recent slide

Tata Motors lost 0.68% to Rs 283.30 at 11:12 IST on BSE, with the stock extending its recent steep slide.

Meanwhile, the S&P BSE Sensex was up 23.79 points or 0.09% at 25,640.63.

On BSE, so far 6.28 lakh shares were traded in the counter as against average daily volume of 17.09 lakh shares in the past one quarter.

The stock hit a low of Rs 279.15 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 284.90 so far during the day. The stock had hit a record high of Rs 605.57 on 3 February 2015.

The stock had underperformed the market over the past one month till 28 September 2015, sliding 16.2% compared with Sensex's 2.94% fall. The scrip had also underperformed the market in past one quarter, declining 34.86% as against Sensex's 7.89% fall.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Shares of Tata Motors witnessed a downward slide in the recent past. The stock has slumped 14.56% in five trading sessions from a recent high of Rs 331.60 on 21 September 2015.

Recent media reports suggested that Tata Motors has been removed from Credit Suisse Asia Ex-Japan focus list.

Tata Motors' consolidated net profit fell 48.7% to Rs 2768.91 crore on 6.2% fall in net sales to Rs 60180.57 crore in Q1 June 2015 over Q1 June 2014.

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

Powered by Capital Market - Live News