Tata Motors number seems good but stocks goes down in last 2 sessions. Tata Motors had sale 64,347 vehicles in previous month, 4% higher than May 2011. Domestic Sales of Tata Vehicles are up by 6% in YoY.
Even on good number in sheet, stocks in market fell by 2%. Currently, its trading at Rs. 226.35 after making Rs. 236 intraday-high.
By the way, Company’s cumulative sales from exports are 7000 nos, lower by 29% compared to May 2011 (9792 nos).