For Quick Alerts
For Daily Alerts

Tata Motors drops on Moody's view

Tata Motors drops on Moody's view
Tata Motors: Quotes, News
BSE 111.85BSE Quote11.95 (-10.68%)
NSE 112.00NSE Quote11.85 (-10.58%)
Tata Motors was down more then 2.7 per cent in trade, as rating agency Moody's said Tata Motors diminishing market share is credit negative. At 1.15 PM, the stock was trading at Rs 269.35.

In 2012, Tata Motors was by far the best performing stocks from the Sensex companies gaining an astounding 79 per cent.

Hope of a better then expected performance at its Jaguar Land Rover (JLR) unit, saw frenzied buying in the scrip through 2012. In 2013, the stock has underperformed the benchmark indices.

Recently, the stock cam in for severe selling pressure as China tightened fuel efficiency guidelines, which analysts say would hurt sales of Jaguar Land Rover units. China accounts for 20 per cent of JLR's overall revenue and 40 per cent of JLR's EBITDA or earnings before interest, tax, depreciation and amortization, according to reports.

Read more about: tata motors jlr
Story first published: Monday, April 15, 2013, 13:23 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more