Tata Motors recovers nearly 2%
25th January 2013 01:18 PM
India's largest automobile company Tata Motors recovered nearly 2% after almost 6% fall on Thursday. The automaker said its unit Jaguar Land Rover (JLR) was likely to report lower EBTIDA margin in the October-December quarter.
Tata Motors said the lower margins would come due to foreign exchange fluctuations and a higher mix of Evoque sales, according to a statement.With 5.91% drop to Rs Rs 293.55 Thursday, Tata Motors lost Rs 50 billion in market capitalisation, which now stands at Rs 794.9 billion. Shares ofthe companyare trading at Rs 299, up Rs 5.45, or 1.86% at the Bombay Stock Exchange (BSE) on Friday at 11:56 a.m.The scrip has touched an intra-day high of Rs 302.80 and low of Rs 293.60. The total volume of shares traded at the BSE is 586,065.In the earlier session, the shares declined 5.91%, or Rs 18.45, at Rs 293.55. Currently, the stock is trading down 11.29% from its 52-week high of Rs 337.05 and above 47.33% over the 52-week low of Rs 202.95.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 328.10 (34.55) (10.53) 1 Month 305.40 (11.85) (3.88) 3 Months 261.45 32.10 12.28 6 Months 212.80 80.75 37.95 1 Year 230.45 63.10 27.38 Note: Based on previous day closing price.
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