Tata Motors moves up as its total domestic sales increases by 30 percent in March
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Tata Motors is currently trading at Rs. 444.15, up by 3.05 points or 0.69% from its previous closing of Rs. 441.10 on the BSE.
The scrip opened at Rs. 444.70 and has touched a high and low of Rs. 444.90 and Rs. 441.35 respectively. So far 139496 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. 268.50 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 444.90 and Rs. 426.35 respectively. The current market cap of the company is Rs. 146474.40 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.35% and 17.98% respectively.
Tata Motors’ total domestic sales has increased by 30 percent to 86,718 units in March as compared to 66,462 units in the year-ago period. The company’s passenger vehicle wholesales rose by 43 percent to 42,293 units last month as against 29,654 units in March 2021. Its commercial vehicle sales stood at 47,050 units in March, up by 16 percent from 40,462 units in the same month last year.
The company posted the highest-ever annual, quarterly, and monthly sales, supported by a strong demand for its New Forever range and agile actions taken on the supply side. The company recorded the highest-ever annual sales of 3,70,372 units, registering a growth of 67 percent over 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.
