Tata Motors rose 1.53% to Rs 451.80 at 9:44 IST on BSE after the company's British luxury car unit Jaguar Land Rover reported good sales in April 2014.
Meanwhile, the BSE Sensex was up 251.83 points, or 1.07%, to 23,802.83.
On BSE, so far 90,000 shares were traded in the counter, compared with an average volume of 4.76 lakh shares in the past one quarter.
The stock hit a high of Rs 455.55 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 448 so far during the day. The stock hit a 52-week low of Rs 263.10 on 27 June 2013.
The stock had outperformed the market over the past one month till 9 May 2014, rising 1.54% compared with 1.29% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.45% as against Sensex's 12.85% rise.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
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Tata Motors-owned Jaguar Land Rover (JLR) on Monday, 12 May 2014, reported 30% increase in global sales at 37,171 units in April 2014 over April 2013. In April 2014, JLR reported sales increases in all of its key regions as follows: the China Region up 72%, Europe up 27%, Asia Pacific up 25%, the UK up 24%, North America up 19% and other overseas markets up 3%.
Commenting on the April performance Andy Goss, JLR Group Sales Operations Director said: "April sales continue the positive momentum we saw in the first quarter of 2014. Alongside the F-TYPE, all three Range Rover models delivered record April sales performances reflecting the global appeal of our strongest ever vehicle line up."
On a consolidated basis, Tata Motors' net profit surged 195.2% to Rs 4804.80 crore on 38.7% growth in net sales to Rs 63536.06 crore in Q3 December 2013 over Q3 December 2012.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 188818 crore in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.
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