• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Tata Motors slumps after dismal Q3 result
(09:19, 08 Feb 2019)
The result was announced after market hours yesterday, 7 February 2019.

Meanwhile, the S&P BSE Sensex was down 143.44 points, or 0.39% to 36,827.65

On the BSE, 14.07 lakh shares were traded in the counter so far compared with average daily volumes of 10.25 lakh shares in the past two weeks. The stock had hit a high of Rs 164.65 and hit a low of Rs 141.90 so far during the day.

Tata Motors consolidated total income rose 4.37% to Rs 77582.71 crore in Q3 December 2018 over Q3 December 2017. Tata Motors said that Q3 December 2018 was impacted by an exceptional item of asset impairment of Rs 27838 crore in Jaguar Land Rover (JLR). Weak sales in China and de-stocking impacted JLR performance.

N Chandrasekaran, Chairman commented that Tata Motors domestic business continues the strong momentum and has delivered market share gains as well as profitable growth. In JLR, the market conditions continue to be challenging particularly in China. The company has taken decisive steps to step up competitiveness, reduce the costs and improve the cash flows while continuing to invest in exciting products and leading edge technologies.

In a separate announcement made after market hours yesterday, 7 February 2019, Jaguar Land Rover retail sales in January 2019 were 43,733 vehicles, down 10.9% compared to January last year. Strong sales of E-PACE, IPACE and refreshed Range Rover and Range Rover Sport were more than offset by continuing market weakness in China and the run out of the Range Rover Evoque, ahead of the introduction of the all new Evoque later this quarter.

Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries