Tata Motors rose 0.54% to Rs 448 at 14:08 IST on BSE after the company's British luxury car unit Jaguar Land Rover on Wednesday, 11 June 2014, reported strong growth in retail sales for May 2014.
Meanwhile, the S&P BSE Sensex was up 75.40 points or 0.3% at 25,549.29.
On BSE, so far 1.92 lakh shares were traded in the counter as against average daily volume of 4.27 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.27% at the day's high of Rs 451.30 so far during the day. The stock lost as much 0.75% at the day's low of Rs 442.25 so far during the day. The stock hit a record high of Rs 464.20 on 16 May 2014. The stock hit a 52-week low of Rs 263.10 on 27 June 2013.
The stock had underperformed the market over the past one month till 11 June 2014, surging 4.23% compared with the Sensex's 10.78% rise. The scrip had also underperformed the market in past one quarter, jumping 11.93% as against Sensex's 16.71% rise.
The large-cap company has equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' British luxury car unit Jaguar Land Rover (JLR)'s retail sales rose 20% to 38,831 vehicles in May 2014 over May 2013. Sales of the Jaguar brand rose 4% to 6,450 vehicles in May 2014 over May 2013. Sales of the Land Rover brand jumped 23% to 32,381 vehicles in May 2014 over May 2013, with strong performances across the range.
Commenting on the May performance Andy Goss, Jaguar Land Rover Group Sales Operations Director said: "This has been another solid month for Jaguar Land Rover with continued strong demand for models across the range in our international markets. The continued success of F-Type convertible, coupled with the launch of Coupe, has supported Jaguar sales momentum. For Land Rover, the Range Rover Sport and Evoque continue to deliver impressive sales performance".
Tata Motors' consolidated net profit declined 0.7% to Rs 3918.29 crore on 15.9% growth in net sales to Rs 64715.81 crore in Q4 March 2014 over Q4 March 2013.
Tata Motors is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer.
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