Shares of Tata Motors were down by more than 7 per cent apparently over concerns that Jaguar Land Rover (JLR) owned by it will report a lesser EBITDA margin in the quarter ending December 2012.
The stock was down at Rs 290.15, a loss of Rs 22.90 or 7.32 per cent, with a huge trading volume of 1.54 crore shares on the NSE at 10.10 a.m. today. But it made a partial recovery after dipping to a low of Rs 281.80 during early trading.
The stock has shed about Rs 47 since touching a 52-week high of Rs 337.40 on the NSE on January 10.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.