Tata Motors rose 0.77% to Rs 517.90 at 9:47 IST on BSE after the company said that its group global wholesales rose 20% to 88,159 units in July 2016 over July 2015.
The announcement was made after market hours yesterday, 8 August 2016.Meanwhile, the BSE Sensex was down 14.34 points, or 0.05%, to 28,168.23.
On BSE, so far 62,000 shares were traded in the counter, compared with average daily volume of 8.71 lakh shares in the past one quarter. The stock hit a high of Rs 522 and a low of Rs 516.45 so far during the day. The stock hit a 52-week high of Rs 522.20 yesterday, 8 August 2016. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past 30 days till 8 August 2016, rising 10.48% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.15% as against Sensex's 9.35% 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 in July 2016 was flat at 30,363 compared to July 2015. Global wholesales of all passenger vehicles rose 34% to 57,796 units in July 2016 over July 2015.
Global wholesales for Jaguar Land Rover (JLR) were 43,932 vehicles (includes CJLR wholesales of 3,638 vehicles). CJLR is a joint venture (JV) between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.
Jaguar wholesales were 14,369 vehicles in July 2016. Land Rover wholesales were at 29,563 vehicles in July 2016.
Tata Motors' consolidated net profit jumped 201.61% to Rs 5177.06 crore on 18.76% growth in net sales to Rs 79926.12 crore in Q4 March 2016 over Q4 March 2015.
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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