Tata Motors fell 3.32% to Rs 358.20 at 09:25 IST on BSE after the company said its managing director, Karl Slym, died in Bangkok on Sunday, 26 January 2014.
Meanwhile, the BSE Sensex was down 305.03 points, or 1.44%, to 20,28.53.
On BSE, so far 47,000 shares were traded in the counter, compared with an average volume of 7.41 lakh shares in the past one quarter.
The stock hit a high of Rs 365.80 and a low of Rs 355.65 so far during the day. The stock hit a 52-week 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 24 January 2014, falling 0.56% compared with the Sensex's 0.48% rise. The scrip had underperformed the market in past one quarter, sliding 2.35% as against Sensex's 1.97% rise.
The large-cap commercial vehicles major has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Karl Slym, who was in Bangkok to attend a board meeting of Tata Motors Thailand, reportedly fell from the 22nd floor of the Shangri-La Hotel to the fourth floor.
Tata Motors' British luxury car unit Jaguar Land Rover (JLR) delivered its strongest ever full year global sales performance due to the introduction of a series of multi-award winning new vehicles in 2013. Full year retail sales rose 19% to 425,006 units in 2013 over in 2012, with strong growth in all major regions and new Jaguar Land Rover records set in 38 markets, including Russia, Brazil, Korea and Canada.
On 2 January 2014, Tata Motors had reported 42.28% decline in its total vehicle sales at 37,852 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. The company will unveils Q3 results on 10 February 2014.
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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