Tata Motors falls 3.7%; concerns of slowdown in China

On Wednesday, JLR, part of Tata Motors, announced its December 2015 US sales, showing a rise of 47 percent in Land Rover's sales volume, clocking 8,441 units as compared to sales in the last year in the same corresponding month.

Tata Motors slipped 3.7% to Rs.352.40 on BSE. The share price was also hit after China stocks slumped after the People's Bank of China (PBOC) set the yuan’s reference rate at 6.5646, the lowest levels since April 2011.

While concerns continue about China, on Wednesday, JLR, part of Tata Motors, announced its December 2015 US sales, showing a rise of 47 percent in Land Rover's sales volume, clocking 8,441 units as compared to sales in the last year in the same corresponding month. Jaguar sales were down by 29% at 1,197 units being sold in Dec'15.

The scrip opened at Rs. 356.5 and has touched a high and low of Rs. 359.85 and Rs. 350 respectively. So far 2347849(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 119479.17 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 605.57 on 03-Feb-2015 and a 52 week low of Rs. 279.15 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 402.9 and Rs. 364.6 respectively.

The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 39.16 % and 8.38 % respectively.

The stock is currently trading above its 200 DMA.