Tata Motors gains after good MoM sales in Dec

Tata Motors reported 14.05% jump in total auto sales to 46,903 units in December 2019 compared with 41,124 units in November 2019.

Total auto sales, however, fell 13.84% last month from 54,439 units in December 2018. Total domestic sales declined 12% to 44,254 units in December 2019 as compared to 50,440 units in December 2018.

Passenger vehicles segment saw sales decline 10% to 12,785 units while the commercial vehicles sales witnessed 15% fall to 34,082 units in December 2019 over December 2018.

The scrip was up 0.76% at Rs 185.80. The stock has risen 6.41% in five sessions from its recent closing low of 174.60 recorded on 26 December 2019.

Currently, the stock is trading 22.35% below its 52-week high of Rs 239.30 hit on 18 April 2019. It is 75% above its 52-week low of Rs 106 hit on 4 September 2019.

Tata Motors reported a consolidated net loss of Rs 227.62 crore in Q2 September 2019 as compared to net loss of Rs 873.27 crore in Q2 September 2018. Net sales declined 9.2% to Rs 64,763.39 crore in Q2 September 2019 over Q2 September 2018.

Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defense vehicles.

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