In past three months, Tata Motors was down 15% as compared to 1% decline in the S&P BSE Sensex on concerns of volume growth in JLR (Jaguar Land Rover). The JLR’s total retail sales in February dropped by 2.6% year on year (YoY) at 39,911 units.
BEML was trading 2% lower at Rs 1,077, falling 21% in past nine trading sessions after the company said it is not aware of government in principle approval to sell 26% stake in the company.
“We would like to clarify that the Company is not aware of any information related to the said new item,” BEML said with reference to news
flashed on TV channel on March 05, 2018 quoting "Govt gives in principle approval to sell 26% stake in BEML.”
Force Motors hit 52-week low of Rs 2,755, extending its past two months decline after the company reported a disappointing set of numbers for the quarter ended December 2017 (Q3FY18).