Tata Motors surges on reporting 2% rise in total sales in May
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Tata Motors is currently trading at Rs. 951.35, up by 28.50 points or 3.09% from its previous closing of Rs. 922.85 on the BSE.
The scrip opened at Rs. 964.35 and has touched a high and low of Rs. 964.35 and Rs. 934.00 respectively. So far 537509 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 532.80 on 02-Jun-2023.
Last one week high and low of the scrip stood at Rs. 967.95 and Rs. 920.00 respectively. The current market cap of the company is Rs. 314930.38 crore.
The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively.
Tata Motors has reported 2% rise in total wholesales at 76,766 units in May as compared with 74,973 units in the same month last year. The total domestic sales stood at 75,173 units last month against 73,448 units in the year-ago period, a growth of 2%.
Sales of passenger vehicles, including electric vehicles, in the domestic market, were up 2% at 47,075 units as compared to 45,984 units in the year-ago month. Total commercial vehicle sales too rose 2% to 29,691 units from 28,989 units in May 2023.
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.
