Tata Motors rose 0.68% to Rs 338.90 at 12:00 IST on BSE after the company unveiled a sedan and a premium hatchback on Monday, 3 February 2014.
Meanwhile, the BSE Sensex was down 181.16 points, or 0.90%, to 20,028.10.
On BSE, so far 2.94 lakh shares were traded in the counter, compared with an average volume of 7.25 lakh shares in the past one quarter.
The stock hit a high of Rs 343.85 and a low of Rs 331.05 so far during the day. The stock hit a record high of Rs 405 on 28 November 2013. The stock hit a 52-week low of Rs 252.10 on 5 April 2013.
The stock had underperformed the market over the past one month till 3 February 2014, falling 7.20% compared with the Sensex's 3.08% fall. The scrip had underperformed the market in past one quarter, falling 13.95% as against Sensex's 4.85% decline.
The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors on Monday, 3 February 2014, unveiled two all-new cars -- the classy sedan, ZEST and the sporty, dynamic premium hatchback, BOLT that look to redefine the passenger car market with new design aesthetics, segment-defining drive experience and high-tech Infotainment system, the auto major said in a statement. These cars will be launched in 2014 in India and subsequently in other countries.
ZEST and BOLT have been designed and developed based on three key fundamental principles, namely, DesigNext, DriveNext, ConnectNext, Tata Motors said. ZEST and BOLT, a result of the collaborative design inputs from the three Tata Motors design studios in Pune, Coventry (UK) and Turin (Italy), come with several segment first features and a new design language on the exterior and the interior of the car, the company said .
Speaking on the occasion of the launch, Mr. Ranjit Yadav, President, Passenger Vehicles, Tata Motors, said, "We at Tata Motors are delighted to showcase to the global market the much awaited next generation cars -- the ZEST, a stunning and exciting new compact sedan and the BOLT, a dynamic hatch. These cars have been engineered for global markets, through global teams across India, UK and Korea to set new standards in their respective segments. These cars are a true representation of our Horizonext philosophy, with best-in-class offerings for performance that yet offers economy and efficiency."
Tata Motors' consolidated net profit surged 70.7% to Rs 3542 crore on 31.1% rise in revenues to Rs 56882 crore in Q2 September 2013 over Q2 September 2012. The company will unveils Q3 results on 10 February 2014.
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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