Thursday, 2 February 2017

Tata Motors skids over 2% on muted January sales

Shares of Tata Motors fell over 2 per cent on the Bombay Stock Exchange after the auto major said that its passenger and commercial vehicle total sales (including exports) in January 2017 were at 46,349 vehicles, a decline of 1 per cent over 47,035 vehicles sold in January 2016. The company’s domestic sales of Tata commercial and passenger vehicles for January 2017 registered flat growth at 41,428 nos., over January 2016. Weighed down by soft January sales, shares of company declined as much as 2.51 per cent to hit intra-day low of Rs 528.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm dipped 2.26 per cent to Rs 530.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,090.39, down 51.25 points, or 0.18 per cent.

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