Follow us on 
BS Motoring Web  
  Saturday, Aug 30, 2014
 
HomeCarsBikesTravelGalleryBlogsWeb TVAbout us
  Tests    Reviews    News    Features    Motorsports    Motor shows    Classics    Quick Comparisons
 
Home Cars News
Tata Motors nears four-month lows, stock falls 6%
The stock has underperformed the market, by falling 10% in the past six trading sessions; compared to 5% drop in the auto index.
By : SI Reporter | Published : March 22, 2013
Email   Print   [] Comment      
More Photos | Video
Tata Motors has dipped almost 6% to Rs 270, also its lowest price since December 4, 2012, on the back of heavy volumes on the bourses.

The stock opened at Rs 285 on BSE and has seen a combined 4.51 million shares changing hands on the counter till 1017 on BSE and NSE against an averge around 9 million shares that were traded daily in past two weeks.

 

 

According to Reuters report, the commercial vehicle maker is planning to raise Rs 300 crore ($55.13 million) through 26-month bonds at 9.15%.

The bonds are rated AA by Care rating agency, and Yes Bank is the sole arranger to the bond sale, added report.

Meanwhile, the auto stock has underperformed the market, by falling 10% in the past six trading sessions after its key Jaguar Land Rover (JLR) unit posted lower-than-expected growth of around 3% year-on-year (yoy) in retail volumes during February mainly due to a sharp decline in volumes in China. The benchmark Sensex has fallen 2.45%, while auto sector dipped 5% during the same period.

Pages :| 1 
Advertisements
Email Print [0] Comment        
blog comments powered by Disqus
Read Emailed Commented
Other Manufacturers Other Models
 
Explore BSMOTORING.COM
  Home   Cars   Bikes   Gallery   General   Resources   Explore Group Network
 Quick Comparisons
 Road Tests
 Motofocus
 Motorsports
 Destinations
 Tests
 Reviews
 News
 Features
 Motorsports
 Motor shows
 Classics
 Quick Comparisons
 Tests
 Reviews
 News
 Features
 Motorsports
 Motor shows
 Classics
 Quick Comparisons
 Photo Gallery
 Video Gallery
 Wallpaper
 Travel
 Blogs
 About us
 Archives
 Register
 Feedback
 Archives
 Advertise with us
 Contact Us
 Business-standard.com
 bshindi.com
 Archives
 Livemarkets
 smartportfolio II