Tata Motors declines after weak June sales

Tata Motors lost 1.12% to Rs 427.65 at 9:28 IST on BSE after the company said its passenger and commercial vehicles total sales fell 9% to 40,358 vehicles in June 2017 over June 2016.The announcement was made on Saturday, 1 July 2017. Meanwhile, the S&P BSE Sensex was up 109.67 points or 0.35% at 31,031.28. On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 18.89 lakh shares in the past one quarter. The stock had hit a high of Rs 433.70 and a low of Rs 426.65 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 417.10 on 8 May 2017. Commodity Trading Tips

The stock had underperformed the market over the past one month till 30 June 2017, sliding 10.17% compared with the Sensex's 0.76% fall. The stock had also underperformed the market over the past one quarter, declining 7.66% as against the Sensex's 4.3% rise. The scrip had also underperformed the market over the past one year, declining 5.82% as against the Sensex's 14.53% rise. The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.Tata Motors' domestic sales of Tata commercial and passenger vehicles declined 5% to 36,854 vehicles in June 2017 over June 2016. On a consolidated basis, net profit of Tata Motors declined 16.8% to Rs 4336.43 crore on 2.9% decline in net sales to Rs 77217.19 crore in Q4 March 2017 over Q4 March 2016.Tata Motors is a market leader in commercial vehicles in India. The company's British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars. Astrology and Numerology Trading Tips