China slowdown! Tata Motors down 3%

Tata Motors has fallen on discouraging news from China which accounts for 25% of JLR’s revenue and 33% of operating profit.

Tata Motors Ltd stock was down by 3% at Rs.391. Most Sensex stocks have come crashing down due to a fall in global markets especially China which has hit the 7% lower circuit and is shut for the day. 

Tata Motors has fallen on discouraging news from China which accounts for 25% of JLR’s revenue and 33% of operating profit. 

Tata Motors continued to witness year-on-year growth in the M&HCV segment in December 2015, with a growth of 2%. 

Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 39,973 vehicles, lower by 4%, over 41,734 vehicles, sold in December 2014. The domestic sale of Tata commercial and passenger vehicles for December 2015 were at 35,416 nos. lower by 6% over 37,776 vehicles sold in December 2014. 

Cumulative sales (including exports) for the fiscal at 364,946 nos., higher by 1% over 362,986 vehicles, sold last year.

The scrip opened at Rs. 400 and has touched a high and low of Rs. 400 and Rs. 390.4 respectively. So far 1789542(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 131063.75 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. 383 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.