Tata Motors gains as ADR advances

Meanwhile, the BSE Sensex was up 110.08 points, or 0.56%, to 19,832.37.

On BSE, 28,127 shares were traded in the counter as against an average daily volume of 8.42 lakh shares in the past one quarter.

The stock hit a high of Rs 304.85 and a low of Rs 302 so far during the day. The stock had hit a record high of Rs 337.05 on 10 January 2013. The stock had hit a 52-week low of Rs 202.95 on 26 July 2012.

The stock had outperformed the market over the past one month till 14 May 2013, rising 9.11% compared with the Sensex's 8.11% gain. The scrip also outperformed the market in past one quarter, rising 1.28% as against Sensex's 1.15% rise.

The large-cap company has an equity capital of Rs 638.01 crore. Face value per share is Rs 2.

Tata Motors after market hours on Tuesday, 14 May 2013 said that pursuant to terms and conditions of the Notes, the company has allotted 89.38 lakh shares (representing 17.87 lakh American Depository shares at a premium of Rs 590.595 each) and 28.51 lakh ordinary share at a premium of Rs 118.119 each arising out of conversion of 306, 4% foreign currency convertible notes due in 2014 of $100,000 each. Post the allotment, the share capital of the company is 271.99 crore ordinary shares and 48.19 crore 'A' ordinary shares.

Tata Motors' consolidated net profit declined 52.2% to Rs 1627.50 crore on 1.4% growth in net sales to Rs 45821.31 crore in Q3 December 2012 over Q3 December 2011.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain and South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 7.5 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles in India and among the top in passenger vehicles. It is also the world's fourth largest truck and bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS, and Russia.

Powered by Capital Market - Live News