Tata Motors rose 0.58% to Rs 567.80 at 09:51 IST on BSE after shares of the company started trading ex-rights from today, 6 April 2015.
The announcement was made after market hours on Wednesday, 1 April 2015. Stock market had remained closed on Thursday, 2 April 2015, on account of Mahavir Jayanti. The stock market remained closed again on Friday, 3 April 2015, on account of Good Friday.
Meanwhile, the S&P BSE Sensex was up 18.55 points or 0.07% at 28,278.69
On BSE, so far 97,883 shares were traded in the counter as against average daily volume of 3.79 lakh shares in the past one quarter.
The stock saw high intraday volatility in early trade. At the day's high of Rs 572, the stock rose 1.31% and at the day's low of Rs 558, the stock fell 1.16%. The stock had hit a record high of Rs 612.05 on 3 February 2015. The stock had hit a 52-week low of Rs 399.70 on 1 April 2014.
The large-cap commercial vehicle maker has equity capital of Rs 547.34 crore. Face value per share is Rs 2.
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Tata Motors after market hours on Wednesday, 1 April 2015 said that the company saw strong growth in certain key segments, as passenger cars (excluding UV's), M&HCV and Exports grew by 33%, 20% and 5%, respectively, in March 2015 over March 2014. The total commercial and passenger vehicles sales (including exports) rose 3% to 52,479 vehicles in March 2015 over March 2014. The company's domestic sales of Tata commercial and passenger vehicles rose 2% to 47,044 units in March 2015 over March 2014.
Tata Motors' passenger vehicles sales rose 19% to 15,039 units in March 2015 over March 2014. The trend of growth in passenger vehicles continued with the strong Zest and Bolt sales, Tata Motors said. Sales of the passenger cars rose 33% to 12,977 units in March 2015 over March 2014. UV sales declined 28% to 2,062 units in March 2015 over March 2014.
The company's sales of commercial vehicles in the domestic market fell 4% to 32,005 units in March 2015 over March 2014. LCV sales fell 18% to 17,127 units in March 2015 over March 2014. M&HCV sales rose 20% to 14,878 units in March 2015 over March 2014.
The company's sales from exports rose 5% to 5,435 units in March 2015 over March 2014.
Meanwhile, shares of Tata Motors were trading ex-rights from today, 6 April 2015. It may be recalled that the company's board of directors at its meeting held on 25 March 2015 approved rights issue of equity shares in the ratio of 6 shares for every 109 shares held on the book closure date. The rights issue price has been set at Rs 450 per share.
Tata Motors' consolidated net profit fell 25.5% to Rs 3580.72 crore on 9.7% rise in total income to Rs 70195.23 crore in Q3 December 2014 over Q3 December 2013.
Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia.
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