Tata Motors gains after announcing launch of Tiago

Tata Motors rose 2.58% to Rs 380.05 at 14:15 IST on BSE, after the company announced the commercial launch of its hatchback Tiago.

Meanwhile, the S&P BSE Sensex was down 22.10 points or 0.09% at 24,861.49

On BSE, so far 3.83 lakh shares were traded in the counter as against average daily volume of 8.87 lakh shares in the past one quarter. The stock hit a high of Rs 382.50 and a low of Rs 372 so far during the day. The stock had hit a 52-week high of Rs 573.15 on 6 April 2015. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 5 April 2016, rising 7.84% compared with Sensex's 0.96% rise. The scrip also outperformed the market in past one quarter, falling 1.11% as against Sensex's 2.72% fall.

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

The price for the petrol variant of Tiago starts at Rs 3.20 lakh ex-showroom,New Delhi, Tata Motors said in a press release today, 6 April 2016. The diesel variant starts at Rs 3.94 lakh ex-showroom, New Delhi. Tiago will be available for sale, across the country in over 597 Tata Motors sales outlets from today, 6 April 2016, the company said.

On 1 April 2016, Tata Motors announced that its total commercial and passenger vehicles sales rose 1% to 53,057 units in March 2016 over March 2015.

On consolidated basis, Tata Motors' net profit fell 2% to Rs 3507.54 crore on 3.7% growth in net sales to Rs 71686.12 crore in Q3 December 2015 over Q3 December 2014.

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

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