Tata Motors gains after JLR US sales rise in January

Tata Motors rose 1.98% to Rs 326.85 at 14:14 IST on BSE after Jaguar Land Rover North America yesterday, 3 February 2016, said its US sales rose 7% to 7,007 units in January 2016 over January 2015.

JLR is the British luxury car unit of Tata Motors.

Meanwhile, the BSE Sensex was up 192.16 points, or 0.79% to 24,415.48

On BSE, so far 3.77 lakh shares were traded in the counter, compared with an average volume of 7.06 lakh shares in the past one quarter. The stock hit a high of Rs 329.10 and a low of Rs 322.25 so far during the day. The stock hit a record high of Rs 605.57 on 3 February 2015. The stock hit a 52-week low of Rs 279.15 on 29 September 2015. The stock had underperformed the market over the past one month till 3 February 2016, sliding 20.2% compared with 7.41% decline in the Sensex. The scrip also underperformed the market in past one quarter, falling 16.11% as against Sensex's 8.90% fall.

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

On 1 February 2016, Tata Motors said total sales of Tata Motors passenger and commercial vehicles rose 10% at 47,034 vehicles in January 2016 over January 2015.

On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 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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