Tata Motors plunges 3% post Q1 results

Tata Motors, India"s largest automobile company,plunged 3% on Thursday after it has announced a 12.25% growth in consolidated profit for the quarter ended June 2012. During the quarter, the consolidated profit went up to Rs 22.45 billion compared with Rs 20 billion for the last year period. The profit of the company was impacted by Forex loss of Rs 4.41 billion on revaluation of foreign currency borrowings, deposits and loans.Shares ofthe companyare trading at Rs 233.90, down Rs 7.55, or 3.13% at the Bombay Stock Exchange (BSE) on Thursday at 2:58 p.m.The scrip has touched an intra-day high of Rs 246.10 and low of Rs 232.00. The total volume of shares traded at the BSE is 2,192,996.In the earlier session, the shares gained 1.13%, or Rs 2.7, at Rs 241.45. Currently, the stock is trading down 27.04% from its 52-week high of Rs 320.60 and above 69.92% over the 52-week low of Rs 137.65.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 223.20 18.25 8.18 1 Month 246.40 (4.95) (2.01) 3 Months 297.40 (55.95) (18.81) 6 Months 257.10 (15.65) (6.09) 1 Year 168.78 72.67 43.06 Note: Based on previous day closing price.