Tata Motors up 4.72% on robust sales

DALAL STREET SPIKES

Tata Motors touched an all time high of Rs 909.25 to close at Rs 903.9 gaining 4.72 per cent after it reported strong sales for February 2006. 17.62 lakh shares were traded against average of 10 lakh shares.

The company's total vehicle sales rose 22 per cent to 45,114 units in February from 36,977 units a year earlier. Exports rose 29 per cent to 4,257 units from 3,290 units during the same period.

Its commercial vehicle sales rose 30 per cent to 22,885 units while sales of cars and utility vehicles rose 12 per cent to 17,972 units. The scrip witnessed pre budget and post budget rally as it surged from Rs 766.60 on 14 February 2006 to Rs 863.20 on Thursday.