Tata Motors gains after declaring sales data

Tata Motors rose 2.12% at Rs 211.55 at 12:18 IST on BSE after the company declared sales volume data for April 2019 after market hours yesterday, 2 May 2019.

Meanwhile, the S&P BSE Sensex was up 112.44 points, or 0.29% to 39,093.87

On the BSE, 13.39 lakh shares were traded in the counter so far compared with average daily volumes of 17.92 lakh shares in the past two weeks. The stock had hit a high of Rs 213.70 and hit a low of Rs 203.20 so far during the day.

Tata Motors Commercial and Passenger Vehicles Business sales in the domestic market fell 20% to 42,577 units witnessed in April 2019 over April 2018, as weak consumer sentiments continued. The company's sales from exports (CV and PV) in April 2019 was at 1,402 units, lower by 53% over last April. Several factors like high stocks in Bangladesh because of the contraction in retails during the last quarter due of elections, security concerns in Sri Lanka and slump in Middle East have affected the overall industry volumes in these markets.

Tata Motors reported consolidated net loss of Rs 26992.54 crore in Q3 December 2018 as compared to net profit of Rs 1198.63 crore in Q3 December 2017. Total income rose 4.37% to Rs 77582.71 crore in Q3 December 2018 over Q3 December 2017.

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

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