Tata Motors slides after a bulk deal

Tata Motors lost 1% to Rs 335.30 at 13:11 IST on BSE after a block deal of 17.15 lakh shares was executed on BSE at Rs 334.95 per share at 11:43 IST.

The block deal constitutes 0.05% of Tata Motors' equity.

Meanwhile, the S&P BSE Sensex was down 341.64 points or 1.69% at 19,922.07.

On BSE, 19.45 lakh shares were traded in the counter as against average daily volume of 9.65 lakh shares in the past one quarter.

The stock hit a high of Rs 341.45 and a low of Rs 331.30 so far during the day. The stock hit a record high of Rs 354.90 on Friday, 20 September 2013. The stock had hit a 52-week low of Rs 245.35 on 30 October 2012.

The stock had outperformed the market over the past one month till 20 September 2013, surging 17.79% compared with the Sensex's 11.06% jump. The scrip had also outperformed the market in the past one quarter, jumping 17.48% as against Sensex's 8.25% rise.

The large-cap company has equity capital of Rs 643.72 crore. Face value per share is Rs 2.

Tata Motors' consolidated net profit fell 23.1% to Rs 1726.07 crore on 8.3% growth in net sales to Rs 46751.26 crore in Q1 June 2013 over Q1 June 2012.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,88,818 crore ($34.7 billion) in 2012-13. 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, 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, South America, CIS and Russia.

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