Tata Motors moves up on reporting 15.49% rise in total sales in October

Tata Motors is currently trading at Rs. 424.35, up by 2.85 points or 0.68% from its previous closing of Rs. 412.60 on the BSE.

tata motors reports 49 fall in q4 consolidated net profit 1 e1627878397794
Tata Motors

The scrip opened at Rs. 421.50 and has touched a high and low of Rs. 425.00 and Rs. 421.50 respectively. So far 44758 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. 366.05 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 425.00 and Rs. 404.00 respectively. The current market cap of the company is Rs. 139991.39 crore.

The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.67% respectively.

Tata Motors has reported a 15.49 per cent rise in total sales at 78,335 units in October 2022. The company had sold a total of 67,829 units in the same month last year. Total domestic sales were at 76,537 units as against 65,151 units in the year-ago month, a growth of 17 per cent. Passenger vehicle (PV) sales, including electric vehicles, in the domestic market were at 45,423 units as compared to 34,155 units in the same month last year, up 33 per cent.

Exports of PVs were down 10 per cent at 206 units from 230 units in October 2021. Electric vehicle sales, including international business, were at 4,277 units as against 1,660 units in the same month a year ago. Sales of commercial vehicles in the domestic market were only marginally higher at 31,320 units as compared to 31,226 units in the year-ago month, while exports were down 35 per cent at 1,592 units as against 2,448 per cent in October 2021.

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.

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