Tata Motors fell 0.67% to Rs 317.15 at 9:23 IST on BSE after the company's global wholesale vehicle sales fell 14% to 87,566 vehicles in July 2013 over July 2012.
The announcement was made after market hours on Wednesday, 14 August 2013.
Meanwhile, the BSE Sensex was down 151.02 points, or 0.78%, to 19,216.57.
On BSE, 61,000 shares were traded in the counter compared with average volume of 9.56 lakh shares in the past one quarter.
The stock hit a high of Rs 321.70 and a low of Rs 316.40 so far during the day. The stock hit a record high of Rs 337.05 on 10 January 2013. It hit a 52-week low of Rs 225.15 on 6 September 2012.
The stock had outperformed the market over the past one month till 14 August 2013, rising 9.37% compared with the Sensex's 2.96% decline. The scrip had also outperformed the market in past one quarter, gaining 6.26% as against Sensex's 1.80% fall.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' global sales of passenger cars fell 13.27% to 46,684 vehicles in July 2013 over July 2012. Global wholesales of all commercial vehicles fell 14.43% to Rs 40,882 crore in July 2013 over July 2012. Global wholesales of Tata passenger vehicles fell 57.18% to Rs 11,522 in July 2013 over July 2012.
Sales of its Jaguar Land Rover brand rose 30.61% to 35,162 units. Sales of its Jaguar cars rose 76.53% to 7,174 vehicles and Land Rover sales were higher by 22.45% at 27,988 vehicles during the month.
Tata Motors' consolidated net profit fell 23.11% to Rs 1726 crore on 8% growth in revenue (net of excise) to Rs 46785 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.
Powered by Capital Market - Live News
