Tata Motors fell 1.05% to Rs 446.20 at 9:40 IST on BSE after the company's total vehicle sales fell 27% to 38,557 units in June 2014 over June 2013.
The company made the announcement after trading hours on Tuesday, 1 July 2014.
Meanwhile, the BSE Sensex was up 186.22 points, or 0.73%, to 25,702.57.
On BSE, so far 1.05 lakh shares were traded in the counter, compared with an average volume of 4.33 lakh shares in the past one quarter.
The stock hit a high of Rs 453 and a low of Rs 445.90 so far during the day. The stock hit a 52-week high of Rs 464.20 on 16 May 2014. The stock hit a 52-week low of Rs 272.50 on 7 August 2013.
The stock had outperformed the market over the past one month till 1 July 2014, rising 8.54% compared with 5.36% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 11.90% as against Sensex's 13.68% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' total domestic sales fell 29% to 34,743 units in June 2014 over June 2013. Total commercial vehicles sales declined 27% to 26,832 units in June 2014 over June 2013. Total passenger vehicles sales fell 33% to 7,911 units in June 2014 over June 2013. Total exports declined 5% to 3,814 in June 2014 over June 2013.
Tata Motors' consolidated net profit declined 0.7% to Rs 3918.29 crore on 15.9% growth in net sales to Rs 64715.81 crore in Q4 March 2014 over Q4 March 2013.
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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