Tata Motors rose 4.03% to Rs 483.95 at 11:15 IST on BSE after the company reported a 21% rise in its global wholesales at 92,551 units in June 2016 over June 2015.
The company announced the sales volume data after market hours on Friday, 8 July 2016.Meanwhile, the S&P BSE Sensex was up 451.16 points or 1.66% at 27,578.06.
On BSE, so far 5.46 lakh shares were traded in the counter as against average daily volume of 8.47 lakh shares in the past one quarter. The stock hit a high of Rs 486.40 and a low of Rs 471.10 so far during the day. The stock had hit a 52-week high of Rs 489.60 on 23 June 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 8 July 2016, falling 0.24% compared with Sensex's 0.39% rise. The scrip had, however, outperformed the market in past one quarter, advancing 24.99% as against Sensex's 9.94% rise.
The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 5% to 32,720 units in June 2016 over June 2015. Global wholesales of all passenger vehicles surged 31% to 59,831 units in June 2016 over June 2015.
Tata Motors' consolidated net profit jumped 201.6% to Rs 5177.06 crore on 18.8% growth in net sales to Rs 79926.12 crore in Q4 March 2016 over Q4 March 2015.
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Tata Motors is a market leader in commercial vehicles in India. The company's British unit JLR sells premium luxury cars.
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