Tata Motors Share Slip As Results Lag Estimates

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, August 10, 2015, 10:52 [IST]

Shares in Tata Motors slipped as the company's quarterly performance for the period ending June 30, 2015 disappointed the street.

Tata Motors was last trading at Rs 289, down one per cent over Friday's close even as the broader markets were trading higher.

However, the DVR's of the company were trading marginally higher at Rs 289 on the National Stock Exchange (NSE).

Net profits in Tata Motors fell to Rs 2769 crores for the quarter ending June, 2015 compared to Rs 5398 crores in the corresponding period of last year, due to falling sales of Jaguar LandRover. Check results of Tata Motors

The Chinese market has been soft for Tata Motors, which is the largest market for the company's Jaguar Land Rover range.

The shares of the company have fallen from Rs 606 to the current price of Rs 389 on sustained selling in the last few months.

GoodReturns.in