Tata Motors gains after good JLR sales

Tata Motors rose 1.14% to Rs 403.25 at 15:10 IST on BSE after British luxury car unit Jaguar Land Rover today, 9 May 2016, reported a rise of 11% in total sales to 41,341 units in April 2016 over April 2015.

Meanwhile, the BSE Sensex was up 462.99 points, or 1.84%, to 25,691.49 .

On BSE, so far 6.38 lakh shares were traded in the counter, compared with an average volume of 7.82 lakh shares in the past one quarter. The stock hit a high of Rs 405.25 and a low of Rs 395.55 so far during the day. The stock hit a 52-week high of Rs 530.95 on 11 May 2015. The stock hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 6 May 2016, rising 5.70% compared with 1.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.22% as against Sensex's 2.48% rise.

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

Jaguar Land Rover (JLR) said that it reported its best ever April retail sales. This is the company's fourth consecutive record-breaking month. The company sold over 2 lakh vehicles in the first four months of 2016, up 24% over the same period last year.

Retail sales for the month of April were up year-on-year across all regions. Sales in the UK rose 25% in April 2016 over April 2015. Sales in the China rose 11% in April 2016 over April 2015. Sales in the Europe rose 10% in April 2016 over April 2015. Sales in the North America rose 2% in April 2016 over April 2015. Sales in other overseas markets rose 5% in April 2016 over April 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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