Tata Motors jumped 6.92% to Rs 311.30 at 11:29 IST on BSE, extending Tuesday's gains triggered by its British luxury car unit Jaguar Land Rover reporting strong sales for July 2013.
Tata Motors shares rose 3.61% to Rs 291.15 on Tuesday, 13 August 2013. The stock has risen 10.78% in two sessions from Rs 281 on Monday, 12 August 2013.
Meanwhile, the BSE Sensex was up 64.57 points, or 0.34%, to 19294.41.
On BSE, 6.80 lakh shares were traded in the counter compared with average volume of 9.33 lakh shares in the past one quarter.
The stock hit a high of Rs 311.90 and a low of Rs 296.30 so far during the day. The stock hit a 52-week high of Rs 337.05 on 10 January 2013. It hit a 52-week low of Rs 224.15 on 13 August 2012.
The stock had outperformed the market over the past one month till 13 August 2013, sliding 0.27% compared with the Sensex's 3.65% decline. The scrip had also outperformed the market in past one quarter, falling 2.18% as against Sensex's 2.35% fall.
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The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Jaguar Land Rover's (JLR) sales jumped 21% to 31,611 units in July 2013 over July 2012. Sales of the Jaguar brand of vehicles jumped 65% to 6,157 units in July 2013 over July 2012. Land Rover sales rose 14% to 25,454 vehicles in July 2013 over July 2012.
Tata Motors' consolidated net profit fell 23.11% to Rs 1726 crore on 8% growth in revenue (net of excise) to Rs 46785 crore in Q1 June 2013 over Q1 June 2012.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,88,818 crore ($34.7 billion) in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, 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 7.5 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 fourth largest truck and 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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