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Friday, September 16, 2011

Stocks to watch out today


Tata Motors August JLR Sales:

JLR Sales - Very strong sales for August especially since it tends to be a weak month seasonally. The company was reporting flat sales for the last couple of months. Growth is attributable to Chinese markets which continued to grow at 100% for JLR even in August 2011. Volume growth in Land rover was very strong , new Land rover Evoque saw 1750 units. Volume growth ex- Evoque was 20% MoM

YoY basis:

Total sales up 31% at 21242 units. Jaguar sales down 10% at 3409 units. Land rover sales up 43% at 17833 units.

MoM basis:

Total sales up 11% at 21242 versus 19119 units. Jaguar sales down 22% at 3409 versus 4372 units. Land rover sales up 21% at 17833 versus 14747 units.

Oil & Natural Gas Corporation (ONFC) FPO likely to be deferred by 15 days.