Tata Motors gains on reporting 6% rise in total vehicle sales during January
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Tata Motors is currently trading at Rs. 894.00, up by 15.65 points or 1.78% from its previous closing of Rs. 878.35 on the BSE.
The scrip opened at Rs. 886.80 and has touched a high and low of Rs. 895.75 and Rs. 882.40 respectively. So far 319786 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.90 on 01-Feb-2024 and a 52 week low of Rs. 400.40 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 901.90 and Rs. 811.00 respectively. The current market cap of the company is Rs. 297012.69 crore.
The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively.
Tata Motors has reported a 6% year-on-year increase in its total vehicle sales (including international markets) at 86,125 units in January. The company had sold a total of 81,069 vehicles in January last year. During the last month, total domestic sales stood at 84,276 units as against 79,681 units in January 2023, logging a 6% year-on-year growth.
At the same time, total commercial vehicle sales declined 2% to 32,090 units in the previous month from 32,780 vehicles in January last year. The total passenger vehicle domestic sales, including EVs, grew 12% to 53,633 units in the month as compared to 47,987 vehicles a year ago.
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.
