Tata Motors falls on disappointing Q3 earnings
15th February 2013 10:18 AM
Tata Motors, India's largest automobile company, fell on Friday after it reported disappointing third quarter earnings.
The company announced a fall of 52.21% in consolidated net profit for third quarter to Rs 16.27 billion as compared to Rs 34.05 billion in the same period last year.
Consolidated total income of the company went up by 1.83% to Rs 460.9 billion for the quarter ended Dec. 31, 2012 from Rs 452.6 billion in the year ago period. Shares ofthe companyare trading at Rs 292.35, down Rs 4.35, or 1.47% at the Bombay Stock Exchange (BSE) on Friday at 9:56 a.m.The scrip has touched an intra-day high of Rs 293.30 and low of Rs 288. The total volume of shares traded at the BSE is 282,871.In the earlier session, the shares fell 2.59%, or Rs 7.9, at Rs 296.70. Currently, the stock is trading down 13.26% from its 52-week high of Rs 337.05 and above 44.05% over the 52-week low of Rs 202.95.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 285.55 11.15 3.90 1 Month 320.05 (23.35) (7.30) 3 Months 265.05 31.65 11.94 6 Months 240.45 56.25 23.39 1 Year 275.90 20.80 7.54 Note: Based on previous day closing price.
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