Tata Motors catches speed on reporting 24% rise in total sales in December
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Tata Motors is currently trading at Rs. 495.70, up by 13.35 points or 2.77% from its previous closing of Rs. 482.35 on the BSE.
The scrip opened at Rs. 492.25 and has touched a high and low of Rs. 499.70 and Rs. 492.25 respectively. So far 680594 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 184.55 on 01-Jan-2021.
Last one week high and low of the scrip stood at Rs. 499.70 and Rs. 460.10 respectively. The current market cap of the company is Rs. 164682.79 crore.
The promoters holding in the company stood at 46.41%, while Institutions and Non-Institutions held 26.80% and 18.23% respectively.
Tata Motors has reported 24 percent rise in total sales to 66,307 units in December 2021 as compared to 53,430 units the same month last year. In the passenger vehicle segment, the company witnessed 50% growth to 35,299 units in December 2021, as against 23,545 units in December 2020. Commercial vehicle sales in the domestic market stood at 34,151 units, up 4 percent from 32,869 units in December 2020. Besides, the company’s sales in the domestic & international market in Q3 FY22 stood at 1,99,633 vehicles, up 26% as against 1,58,218 units in Q3 FY21.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
