Tata Motors rose 0.26% to Rs 461.95 at 10:44 IST on BSE after the company's British luxury car unit Jaguar Land Rover reported a 18% increase in sales at 44,946 units in May 2016 over May 2015.
The announcement was made during market hours today, 7 June 2016.Meanwhile, the S&P BSE Sensex was up 94.21 points or 0.35% at 26,871.66.
On BSE, so far 4.10 lakh shares were traded in the counter as against average daily volume of 9.66 lakh shares in the past two weeks. The stock hit a high of Rs 467 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 459.75 so far during the day. The stock had hit a 52-week low of Rs 266 on 11 February 2016.
The all-new Jaguar F-PACE helped propel Jaguar Land Rover (JLR) to its best ever sales in May.
Jaguar sales surged 90% to 10,633 units in May 2016 over May 2015, reflecting the strong launch of the F-PACE as well as continued solid sales of the XE and XF. Land Rover sales rose 6% to 34,313 units in May 2016 over May 2015.
Tata Motors' consolidated net profit jumped 201.6% to Rs 5177.06 crore on 19.9% growth in total income to Rs 81559.75 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 Jaguar Land Rover sells premium luxury cars.
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