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      Tata Motors inches up

      MoM Team / Mumbai, Jan 03, 2017 09:30 AM IST

        Tata Motors inches up

        Tata Motors advanced 0.5 percent to Rs 490 on BSE after the company said its passenger and commercial vehicle total sales rose 2 percent to 40,944 units in December 2016 over December 2015.

        The sales figures were announced after market hours yesterday, 2 January 2017.

        Meanwhile, the S&P BSE Sensex was down 86.33 points or 0.32 percent at 26,509.12.

        On the BSE, 1.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.86 lakh shares in the past two weeks. The stock had hit a high of Rs 492.75 and a low of Rs 489.15 so far during the day.

        The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 266 on 11 February 2016. It had outperformed the market over the past one month till 2 January 2017, surging 12.52 percent compared with the Sensex's 1.39 percent rise. The scrip had, however, underperformed the market over the past one quarter declining 8.88 percent as against the Sensex's 4.56 percent fall.

        The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

        The company's domestic sales of Tata commercial and passenger vehicles rose 1 percent to 35,825 units in December 2016 over December 2015. Exports surged 12 percent to 5,119 units in December 2016 over December 2015.

        Tata Motors reported consolidated net profit of Rs 848.16 crore in Q2 September 2016, compared with net loss of Rs 1740.20 crore in Q2 September 2015. Net sales rose 6.7 percent to Rs 65140.75 crore in Q2 September 2016 over Q2 September 2015.

        Tata Motors is a market leader in commercial vehicles in India. The company's British unit JLR sells premium luxury cars.


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      Source: Capital Market



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