India's Tata Motors, Ultratech shares slump briefly after block sales

MUMBAI Fri Feb 1, 2013 3:28pm IST

Related Topics

Stocks

   

MUMBAI Feb 1 (Reuters) - Tata Motors Ltd and Ultratech Cement Ltd shares briefly dropped as much as 10 percent each, before sharply cutting losses, after a series of shares were sold at lower prices, traders said.

Tata Motors shares were down 2.3 percent as of 0953 GMT after six separate block deals comprising a total 2.07 million shares took place at an average price of 274.92 rupees. The sales sent Tata's shares as low as 268.25 rupees.

Ultratech shares were down 1.7 percent after one block deal comprising 41,863 shares was made at an average price of 1,853.80 rupees. Shares fell as much as 1,712.35 rupees.

(Reporting by Mumbai markets team; Editing by Prateek Chatterjee)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Monetary Policy

Monetary Policy

Fed renews zero rate pledge, but hints at steeper rate hike path.  Full Article 

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Ranbaxy Investigation

Ranbaxy Investigation

Ranbaxy says U.S. authorities seek information on pricing data.  Full Article 

E-Commerce

E-Commerce

Tiger Global leads $60 million investment in Quikr.  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage