Shares of Tata Motors ended with a negative bias after the company announced that the Group has posted a net loss of Rs(3,287.8)mn for the quarter ended June 30, 2009 where as the same was net profit at Rs7,196.9mn for the quarter ended June 30, 2008.
Total Income is Rs16,7180.7mn for the quarter ended June 30, 2009 where as the same was at Rs14,7406.5mn for the quarter ended June 30, 2008.
On June 02, 2008, the Company acquired from Ford Motor Company, Jaguar Land Rover businesses. The financial results for the quarter ended June 30, 2008 include the results of the operation of Jaguar Land Rover businesses for the period June 02, 2008 to June 30, 2008. The financial results for the quarter ended June 30, 2009 are not comparable to this extent with the previous quarter.
The stock ended lower by 0.2% at Rs489. It opened at Rs483 hitting an intra-day high of Rs496 and a low of Rs476 recording volumes of over 1.4mn shares.
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