Tata Motors See Plunge in Shares

Tata Motors See Plunge in SharesAccording to the recent stock market developments, it has been revealed that the shares of Tata Motors seem to have seen a bit of a downturn. They fell by 3.5%, and this has brought them to their lowest disposition in the past one year. This happened in the morning trade hours and has taken the firm by a setback.

There was a fall of 2.71% in the stocks of the firm and they went to a position of Rs. 780 according to the BSE. In terms of the NSE, the shares of the firm saw a low of 2.70% and closed at a position of Rs. 779.85, the lowest it had been in an entire year.

The firm was of the revelation that the global sales of the firm amounted to 85, 392 units in the month of July which was at a position 6% lower than what it had been at the same time last year.

The firm was of the view that the pressures it ad bee facing in the recent past, including price of the commodities as well as the operational margin reductions had taken a toll on the profits of the firm and this is the reason they had shown such a downturn.