For two sessions in a row, the Tata Motors' stock ended in the green, gaining eight per cent as China cut interest rates, reduced bank reserve ratio requirement (RRR) and announced a further 300-basis-point RRR cut for financial-leasing and
Tata Motors-owned Jaguar Land Rover (JLR) today said around 5,800 vehicles may have been damaged in the recent explosions at China's Tianjin port, which is one of the three major ports through which it imports vehicles into the country.
The benchmark indices continue to be battered this afternoon by rising concerns of a slowdown in China, lingering uncertainty in Greece, mounting turmoil in global markets and volatility in oil and rupee.
Shares of Tata Motors have fallen to 18-month lows of Rs 328 after declining nearly 6% in the past two trading sessions, bringing down its market capitalisation (market-cap) below Rs 1 lakh crore on the Bombay Stock Exchange (BSE).
TATA MOTORS: SELLLast Close: Rs 342.20Stop Loss: Rs 347Support at 339 below 333. Resistance is at 345.50 above 347. (Sell for intraday with a stop loss above 347)[MACD & STOCHASTICS SELL + BELOW MOVING AVERAGES + VOLUME JUMP+ NEW
Shares of Indian multinational automotive manufacturing company, Tata Motors are trading 1.5% lower at Rs 350 on the Bombay Stock Exchange (BSE) after the global wholesales figures including Jaguar Land Rover (JLR) declined from 3,07,017 units in
Tata Group chairman Cyrus Mistry was in a mood to answer questions. Even those on investments in Bengal and Singur could not change that mood.Singur, in Hooghly district, was where the Tatas had sited their Nano car factory, over 1,000 acres.
Since the announcement of its disappointing first quarter results, the Tata Motors stock has dipped nearly 10 per cent on the BSE. Its net profit almost halved following the dismal performance by its cash cow, Jaguar Land Rover (JLR), especially in China.
Dealers are now formally accepting bookings for the sports utility vehicle. This will be the fifth Land Rover model to be available in India. Prices of the new vehicle will be disclosed at the time of the launch.
India’s largest automobile maker, Tata Motors, said its net profit for the April-June period dropped 49 per cent to Rs 2,769 crore, as its retail sales for the most valuable products, Jaguar and Land Rover, plunged 33 per cent in China.
Homegrown auto major Tata Motors today reported 48.7 per cent decline in consolidated net profit at Rs 2,768.91 crore for the first quarter ended June 30, mainly due to dip in sales of its British-arm Jaguar Land Rover (JLR).
Quarterly profit at Tata Motors Ltd , India's top automaker by revenue, fell for the fourth consecutive quarter, as sales of its sleek Jaguar saloons and sporty Range Rovers dipped in China, the world's biggest car market.