Tata Motors gains 3%, hits over 7-month high post December sales data

In the past one month, Tata Motors' stock hsa outperformed the market by surging 18 per cent, as compared to 2 per cent rise in the S&P BSE Sensex

Shares of Tata Motors climbed 3 per cent to hit an over seven-month high level of Rs 190 on the BSE on Thursday after the company reported a 12 per cent decline in total vehicle sales in domestic market to 44,254 units in December. The stock was trading at its highest level since May 10, 2019.

Tata Motors had sold 50,440 units in the same month in 2018, Tata Motors said in a statement.

The December domestic sales numbers were better than November when it reported a 25 per cent year-on-year decline in total domestic sales at 38,057