Tata Motors rose 0.91% to Rs 402.60 at 9:22 IST on BSE after British luxury car unit Jaguar Land Rover yesterday, 7 December 2015 reported 27% rise in retail sales to 46,547 vehicles in November 2015 over November 2014.
Meanwhile, the BSE Sensex was down 65.64 points, or 0.26%, to 25,464.47.
On BSE, so far 1.07 lakh shares were traded in the counter, compared with an average volume of 16.02 lakh shares in the past one quarter.
The stock hit a high of Rs 405.50 and a low of Rs 396 so far during the day. The stock hit a record high of Rs 605.32 on 3 February 2015. The stock 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 7 December 2015, rising 0.68% compared with 2.80% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.28% as against Sensex's 2.56% rise.
The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.
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Jaguar Land Rover's (JLR) retail sales rose 70% in the UK, 68% in Europe, 52% in North America and 8% in November 2015 over November 2014 in other overseas markets. Retail volumes in China were down 22% in November 2015 over November 2014, reflecting slowdown in the economy, JLR said.
On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 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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