Tata Motors slides after reporting weak November sales

Tata Motors fell 0.04% to Rs 417.25 at 9:38 IST on BSE after the company said its total sales declined 7% to 38,918 units in November 2015 over November 2014.

The company announced the November 2015 sales volume data after market hours yesterday, 1 December 2015.

Meanwhile, the S&P BSE Sensex was up 34.55 points or 0.13% at 26,203.96.

On BSE, so far 1.38 lakh shares were traded in the counter as against average daily volume of 5.02 lakh shares in the past two weeks.

The stock was volatile. The stock lost as much as 1.55% at the day's low of Rs 410.90 so far during the day. The stock rose as much as 0.32% at the day's high of Rs 418.75 so far during the day. The stock had hit a 52-week low of Rs 279.15 on 29 September 2015. The stock had hit a record high of Rs 605.32 on 3 February 2015.

Tata Motors' domestic sale of Tata commercial and passenger vehicles fell 6% to 35,345 units in November 2015 over November 2014. The company's sales from exports fell 17% to 3,573 units in November 2015 over November 2014.

On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 2014.

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

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