Tata Motors rose 2.67% to Rs 336.20 at 9:52 IST after the company reported strong sales performance in March 2018.
Meanwhile, the S&P BSE Sensex was up 52.93 points, or 0.16% to 33,021.61.On the BSE, 1.33 lakh shares were traded in the counter so far compared with average daily volumes of 7.29 lakh shares in the past two weeks. The stock had hit a high of Rs 338.45 and a low of Rs 332 so far during the day. The stock hit a 52-week high of Rs 487 on 26 May 2017. The stock hit a 52-week low of Rs 324.50 on 26 March 2018.
Tata Motors registered a growth of 35% at 69,440 units in March 2018 as against 51,309 units in March 2017 due to the continued strong sales performance of its commercial and passenger vehicles business in the domestic market. The announcement was made on Sunday, 1 April 2018.
The company's sales from exports in March 2018 was at 6,443 units, a growth of 17% over last year.
Tata Motors' consolidated net profit surged 988.6% to Rs 1214.60 crore on 16% growth in net sales to Rs 74156.07 crore in Q3 December 2017 over Q3 December 2016.
Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles.
Powered by Capital Market - Live News