Tata Motors Share Slip As Results Lag Estimates

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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.

    Tata Motors Share Slip As Results Lag Estimates
    Tata Motors: Quotes, News
    BSE 176.80BSE Quote3 (-1.70%)
    NSE 176.80NSE Quote2.7 (-1.53%)
    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

    Read more about: tata motors nse
    Story first published: Monday, August 10, 2015, 10:52 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    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