Tata Motors slips after weak sales in December

Tata Motors fell 1.87% to Rs 365 at 9:19 IST on BSE after the company reported 42.28% decline in its total vehicle sales at 37,852 units in December 2013 over December 2012.

The company made the announcement after market hours on Thursday, 2 January 2014.

Meanwhile, the BSE Sensex was down 48.70 points, or 0.23%, to 20,839.63.

On BSE, so far 39,000 shares were traded in the counter, compared with an average volume of 8.87 lakh shares in the past one quarter.

The stock hit a high of Rs 368 and a low of Rs 364 so far during the day. The stock hit a record high of Rs 405 on 28 November 2013. The stock hit a 52-week low of Rs 252.10 on 5 April 2013.

The stock had underperformed the market over the past one month till 2 January 2014, sliding 6.98% compared with the Sensex's 0.05% fall. The scrip had, however, outperformed the market in past one quarter, rising 10.86% as against Sensex's 7.03% rise.

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

Total passenger vehicle sales in the domestic market fell 34.63% to 9,272 units in December 2013 over December 2012.

In the commercial vehicles segment, the company's sales declined by 45.83% to 25,738 units in the domestic market in December 2013 over December 2012. Tata Motors' exports declined by 26.79% to 2,842 units in December 2013 over December 2012.

Tata Motors' consolidated net profit surged 70.7% to Rs 3542 crore on 31.1% rise in revenues to Rs 56882 crore in Q2 September 2013 over Q2 September 2012.

Tata Motors is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer.

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