Tata Motors rose 1.51% to Rs 456 at 10:39 IST on BSE after the company the company announced robust growth in commercial vehicles, medium and heavy commercial vehicles sales in May 2016 over May 2015.
The company announced the monthly sales volume data after market hours yesterday, 1 June 2016.Meanwhile, the BSE Sensex was down 15.31 points, or 0.06%, to 26,698.62
On BSE, so far 5.99 lakh shares were traded in the counter, compared with an average volume of 6.99 lakh shares in the past one quarter. The stock hit high of Rs 460.30 and low of Rs 443.95 so far during the day. The stock hit a 52-week high of Rs 478.20 on 2 June 2015. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 1 June 2016, rising 9.87% compared with 4.32% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 42.47% as against Sensex's 12.34% gains.
The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Tata Motors' total commercial and passenger vehicles sales rose 1% to 40,071 units in May 2016 over May 2015. The company's domestic sales of Tata commercial and passenger vehicles rose 2% to 35,643 units in May 2016 over May 2015. Exports declined 5% to 4,428 units in May 2016 over May 2015.
Tata Motors passenger vehicles sales, in domestic market, declined 23% to 8,617 units in May 2016 over May 2015. Passenger cars sales fell 15% to 7,787 units in May 2016 over May 2015. Tata Motors hatchback sales grew by 7% at 5,643 units in May 2016 over May 2015, due to strong demand for the recently launched Tiago. Utility vehicles sales declined by 58% at 830 units in May 2016 over May 2015. Medium and heavy commercial vehicles sales, in domestic market, rose 23% to 13,312 units in May 2016 over May 2015. Light commercial vehicle sales rose 6% to 13,714 units in May 2016 over May 2015. The overall commercial vehicles sales in the domestic market rose 14% to 27,026 units in May 2016 over May 2015.
Tata Motors' consolidated net profit jumped 201.6% to Rs 5177.06 crore on 19.9% growth in total income to Rs 81559.75 crore in Q4 March 2016 over Q4 March 2015.
Also Read
Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.
Powered by Capital Market - Live News