Tata Motors catches speed after its group global wholesales rise 9% in Q3FY24
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Tata Motors is currently trading at Rs. 800.40, up by 11.35 points or 1.44% from its previous closing of Rs. 789.05 on the BSE.
The scrip opened at Rs. 799.10 and has touched a high and low of Rs. 809.00 and Rs. 793.70 respectively. So far 499724 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 809.00 on 09-Jan-2024 and a 52 week low of Rs. 384.85 on 09-Jan-2023.
Last one week high and low of the scrip stood at Rs. 809.00 and Rs. 776.20 respectively. The current market cap of the company is Rs. 265811.15 crore.
The promoters holding in the company stood at 46.38%, while Institutions and Non-Institutions held 35.92% and 17.70% respectively.
Tata Motors’ Group global wholesales in Q3FY24, including Jaguar Land Rover were at 338,177 nos., higher by 9%, as compared to Q3 FY23. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3 FY24 were at 98,679 nos., higher by 1%, over Q3 FY23.
Global wholesales of Tata Motors passenger vehicles in Q3 FY24 were at 138,455 nos., higher by 5% as compared to Q3 FY23. Global wholesales for Jaguar Land Rover were 101,043 vehicles, higher by 27%. Jaguar wholesales for the quarter were 12,149 vehicles, while Land Rover wholesales for the quarter were 88,894 vehicles.
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.
