Selling in the shares of this Tata Group company continues, investors are selling the stock in a hurry
Automobile sector giant Tata Motors released the March quarter results on Friday last week. The company's quarterly results have impacted the stock. Today the shares of the company are trading with a huge decline. Let us tell you that Tata Motors has also announced dividends for the shareholders along with the quarterly results.
Muskan 
Shares of Ratan Tata's automobile company Tata Motors are trading with a huge decline today. Last week on Friday, the company released the results for the January to March quarter. The company said that its total profit in the March quarter had increased from Rs 5,407 crore to Rs 17,407.2 crore.
Despite the increase in profits, the selling of the company's shares is being seen today.
Chirag Jain, senior research analyst at Emkay Global Financial Services, said "Tata Motors' quarterly results were not better than expected. They were lower with limited margin expansion across businesses. The company witnessed a decline in its order book. These reasons led to the decline in the company's stock."
The price per share of the company, Tata Motors, was Rs 960.80 as of 11:21 a.m. today, down 8.20%. Regarding the company's stock performance, during the past six months, the stock has returned 47.10 percent. Also, investors received an 81.01% return in a single year.
In the quarter ending in March, the company's income and profit both rose. For the quarter ending in January through March, the company's revenue rose by 13% to Rs 1,19,986 crore. Also rising from 12.1% to 14.2% was the company's EBITDA, or working profit.
For its shareholders, the company announced a final dividend of Rs6 per share and a special dividend of Rs3 per share.
