Tata Motors Limited 
(ADR) (NYSE:TTM), from late-April has been into a decreasing channel. From June until mid-July, binary TTM registered some gains but lately is dramatically dropping again. The present price of TTM is $18.94 per share.
Currently, binary TTM is registering its lowest values of the year. This is well-presented by the fact that Tata stock is far below its ranges of MA – 50 ($21.44) and MA – 200 ($22.31).
Moreover, with the deeply falling values of binary TTM, it is not a surprise that binary option investor interest is rapidly decreasing as well. The present trading volume is 1,225,845, which is within the lowest levels of the year.
Partly, the losing ground Tata stock is because of the falling Indian shares as binary investors sold cap shares on the last day of the July derivatives expiry on dimming hopes of a central bank rate cut next week.
In addition, Tata’s revenues and eventually profits declined as well, as this could be seen from the below table. Year to date 2012-2013, proved to be weaker in terms of total sales, when compared to 2011-2012. Year to date 2012-2013 total sales are 188,774 compared to 193,039 in 2011-2012. Unless, the company restores its sales volume and financial standing, binary TTM is not likely to mark any significant value gains.
| Domestic | Exports | Total | |||||||
| Category | 2012-13 | 2011-12 | 2010-11 | 2012-13 | 2011-12 | 2010-11 | 2012-13 | 2011-12 | 2010-11 |
| M& HCV | 34,943 | 45,542 | 42,156 | 2,208 | 3,574 | 3,142 | 37,151 | 49,116 | 45,298 |
| LCV | 80,355 | 67,503 | 55,073 | 9,128 | 9,204 | 6,566 | 89,483 | 76,707 | 61,639 |
| UTILITY | 10,829 | 10,762 | 9,650 | 339 | 191 | 145 | 11,168 | 10,953 | 9,795 |
| CARS | 49,576 | 54,346 | 62,589 | 1,396 | 1,917 | 2,390 | 50,972 | 56,263 | 64,979 |
| TOTAL | 175,703 | 178,153 | 169,468 | 13,071 | 14,886 | 12,243 | 188,774 | 193,039 | 181,71 |
Source: Tatamotors.com
Company Info:
- Established in 1945.
- India’s Largest Automobile Company.
- Listed in the New York Stock Exchange (September 2004).
- The Tata Motors Group’s Has Over 55,000 Employees.
Disclaimer:
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.
