Tata Motors rose 1.94% to Rs 386.90 at 10:33 IST on BSE, after the company announced that its total commercial and passenger vehicles sales rose 1% to 53,057 units in March 2016 over March 2015.
The company announced the monthly sales volume data after market hours on Friday, 1 April 2016.Meanwhile, the S&P BSE Sensex was up 96.88 points or 0.38% at 25,366.52
On BSE, so far 1.31 lakh shares were traded in the counter as against average daily volume of 8.94 lakh shares in the past one quarter. The stock hit a high of Rs 390.90 and a low of Rs 384.15 so far during the day. The stock had hit a 52-week high of Rs 573.15 on 6 April 2015. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 1 April 2016, gaining 20.38% compared with Sensex's 6.27% rise. The scrip had, however, underperformed the market in past one quarter, falling 5.5% as against Sensex's 3.41% fall.
The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Domestic sales of Tata commercial and passenger vehicles declined 1% to 46,701 units in March 2016 over March 2015. Exports rose 17% to 6,356 units in March 2016 over March 2015. Tata Motors passenger vehicles fell 44% to 8,454 units in March 2016 over March 2015. The company's sales of commercial vehicles in the domestic market rose 20% to 38,247 units in March 2016 over March 2015.
On consolidated basis, Tata Motors' net profit fell 2% to Rs 3507.54 crore on 3.7% growth in net sales to Rs 71686.12 crore in Q3 December 2015 over Q3 December 2014.
Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.
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