Tata Motors rose 6.40% to Rs 316 at 9:49 IST on BSE on bargain hunting after the stock fell 16.16% in the preceding 13 trading sessions to Rs 297 on Thursday, 1 October 2015, from a recent high of Rs 354.25 on 10 September 2015.
Meanwhile, the BSE Sensex was up 372.71 points, or 1.42%, to 26,593.66.
On BSE, so far 4.96 lakh shares were traded in the counter, compared with an average volume of 17.29 lakh shares in the past one quarter.
The stock hit a high of Rs 322 and a low of Rs 301.70 so far during the day. The stock hit a record high of Rs 605.32 on 3 February 2015. The stock hit a 52-week low of Rs 279.15 on 29 September 2015.
The stock had underperformed the market over the past one month till 1 October 2015, falling 9.89% compared with 2.04% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 33.23% as against Sensex's 6.42% decline.
The large-cap company has an equity capital of Rs 577.44 crore. Face value per share is Rs 2.
Tata Motors announced after market hours on Thursday, 1 October 2015, that sales of passenger and commercial vehicles (including exports) fell by 2% to 45,215 units in September 2015 over September 2014. The domestic sale of Tata commercial and passenger vehicles fell 0.23% to 40,813 units in September 2015 over September 2014.
Tata Motors passenger vehicles sales fell 1.32% to 11,774 units in September 2015 over September 2014.
The sale of the passenger cars in September 2015 were higher by 5% at 10,226 units, compared to 9,766 units in September 2014. Utility vehicles (UV) sales declined by 28% at 1,548 units in September 2015 over September 2014.
In commercial vehicles, medium and heavy commercial vehicles (M&HCV) sales grew by 52% to 15,915 units in September 2015 over September 2014. The light & small commercial vehicle sales however continued to reflect industry decline and were down by 29% to 13,124 units in September 2015 over September 2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic market, that were flat at 29,039 units in September 2015.
The company's sales from exports declined 16% to 4,402 units in September 2015 over September 2014.
Tata Motors' consolidated net profit fell 48.7% to Rs 2768.91 crore on 6.2% fall in net sales to Rs 60180.57 crore in Q1 June 2015 over Q1 June 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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