Tata Motors rose 1.31% to Rs 389.50 at 9:59 IST on BSE after the company announced that the total sales of Tata Motors passenger and commercial vehicles rose 1% at 43,486 units in October 2015 over October 2014.
The company announced the October sales volume data on Sunday, 1 November 2015.
Meanwhile, the S&P BSE Sensex was down 133.05 points or 0.5% at 26,523.78.
On BSE, so far 83,000 shares were traded in the counter as against average daily volume of 18.08 lakh shares in the past one quarter.
The stock hit a high of Rs 392 and a low of Rs 386.60 so far during the day. The stock had hit a record high of Rs 605.57 on 3 February 2015. The stock had hit a 52-week low of Rs 279.15 on 29 September 2015.
The stock had outperformed the market over the past one month till 30 October 2015, surging 28.82% compared with Sensex's 1.92% rise. The scrip had also outperformed the market in past one quarter, gaining 1.76% as against Sensex's 3.78% fall.
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The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Tata Motors' domestic sale of Tata commercial and passenger vehicles remained flat at 38,917 units in October 2015 over October 2014. Tata Motors passenger vehicles recorded a growth of 11% to 12,798 units in October 2015 over October 2014. In commercial vehicles, medium and heavy commercial vehicles (M&HCV) sales rose 20% at 12,504 units in October 2015 over October 2014. The light & small commercial vehicle sales, however, continued to reflect industry decline and fell 19% at 13,615 units in October 2015 over October 2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic market with sales falling 4% at 26,119 units in October 2015 over October 2014. The company's sales from exports rose 13% at 4,569 units in October 2015 over October 2014.
This monthly sales data pertains to the standalone operations of Tata Motors and does not includes sales of its luxury car unit Jaguar Land Rover (JLR). Tata Motors' standalone business mainly comprises of its commercial vehicles and passenger vehicles business in India.
Tata Motors is scheduled to announce its Q2 September 2015 results on 6 November 2015. The company's consolidated net profit fell 48.7% to Rs 2768.91 crore on 6.2% decline in net sales to Rs 60180.57 crore in Q1 June 2015 over Q1 June 2014.
Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.
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