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

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Kashmir Package

Kashmir Package

Modi announces relief package for flood-hit Kashmir.  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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