Tata Motors rose 1.59% to Rs 440.60 at 11:48 IST on BSE after the company's British luxury unit Jaguar Land Rover reported good sales figures for calendar year ended December 2017.
Meanwhile, the S&P BSE Sensex was up 79.40 points or 0.23% at 34,432.19.
On the BSE, 3.80 lakh shares were traded on the counter so far as against average daily volumes of 4.71 lakh shares in the past two weeks. The stock had hit a high of Rs 443.55 and a low of Rs 433.35 so far during the day. The stock had hit a 52-week high of Rs 553 on 27 January 2017 and a 52-week low of Rs 357.95 on 11 August 2017.
The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.
Tata Motors said that retail sales of its British luxury unit Jaguar Land Rover (JLR) rose 0.6% to 55,697 vehicles in December 2017 over December 2016. Despite tough conditions in some markets, JLR achieved record global sales in 2017 with retails of 621,109 vehicles, up 6.5% on the prior year. The announcement was made after market hours yesterday, 8 January 2018.
Retail sales in December were up in overseas markets (19%) and in China (12.6%) but down in the UK (15.8%), US (9.2%) and Europe (4.6%), reflecting weaker market conditions in the UK and to a lesser extent the US.
Jaguar retail sales fell 7.8% to 15,079 vehicles in December 2017 over December 2016, as solid sales of the long wheel base Jaguar XFL in China and the introduction of the E-PACE were more than offset by softer sales of XE and XJ.
Land Rover retail sales rose 4.1% to 40,618 vehicles in December 2017 over December 2016, led by the introduction of the Range Rover Velar and the sales ramp up of the all new Discovery.
On 2 January 2018, Tata Motors announced that its domestic sales of commercial and passenger vehicles jumped 52% to 54,627 units in December 2017 over December 2016.
On a consolidated basis, Tata Motors' net profit jumped 195% to Rs 2501.67 crore on 11.3% rise in net sales to Rs 70690.65 crore in Q2 September 2017 over Q2 September 2016.
Tata Motors is a market leader in commercial vehicles in India. The company's British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.
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