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Tata Motors declines on its arm reporting 2.3% drop in April retail sales

05 May 2017 Evaluate

Tata Motors is currently trading at Rs. 427.95, down by 8.55 points or 1.96% from its previous closing of Rs. 436.50 on the BSE.

The scrip opened at Rs. 436.70 and has touched a high and low of Rs. 438.00 and Rs. 427.00 respectively. So far 261780 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.60 on 07-Sep-2016 and a 52 week low of Rs. 376.05 on 11-May-2016.

Last one week high and low of the scrip stood at Rs. 461.45 and Rs. 427.00 respectively. The current market cap of the company is Rs. 124574.65 crore.

The promoters holding in the company stood at 34.73%, while institutions and non-institutions held 38.72% and 8.19% respectively.

Tata Motors’ subsidiary -- Jaguar Land Rover (JLR) has reported a 2.3% fall in April retail sales at 40,385 vehicles. The company sold 219,891 vehicles in the first four months of 2017, up 9.9% compared to the same period a year ago. Retail sales for the month of April were up in North America (32.5%), China (10.1%) and Europe (2.7%), but down in the UK (34.6%) and in other Overseas markets (19.7%) year-on-year. April also saw the Jaguar F-PACE win World Car of the Year.

Jaguar had a record April, retailing 12,310 vehicles, up 54.0% compared to the same month in the previous year led by continuing strong sales of the F-PACE, XE and the long wheel base XFL from the China joint venture. Further, retail sales for Land Rover in April were 28,075 vehicles, down 15.8% on April last year, primarily reflecting the run-out of the Discovery and softer sales of other models, which were only partially offset by sales of the all-new Discovery and solid sales of Range Rover.

 

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