Stocks

Tata Motors stock hits 52-week low in early trade

PTI Mumbai | Updated on August 17, 2011 Published on August 17, 2011

Shares of Tata Motors dropped by nearly 3 per cent to hit a one-year low on the bourses in morning trade today after the company’s global sales declined by 6 per cent in July vis-a-vis the same month last year.

The company’s scrip fell by 2.71 per cent to hit a 52-week low of Rs 780 on BSE. Similarly, on NSE, the stock went down by 2.70 per cent to touch a one-year low of Rs 779.85.

Tata Motors yesterday said its global sales stood at 85,392 units in July, down 6 per cent compared with the same month last year.

Sales of luxury vehicles from the Jaguar Land Rover stable were flat at 19,119 vehicles in July.

Published on August 17, 2011
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