Tata Motors gains on decent sales in December

Tata Motors gained 2.37% to Rs 510.05 at 15:20 IST on BSE after the company said its total sales of Tata commercial and passenger vehicles rose 10% to 41,734 units in December 2014 over December 2013.

The sales figures were announced during market hours today, 2 January 2015.

Meanwhile, the S&P BSE Sensex was up 389.38 points or 1.42% at 27,896.92.

On BSE, so far 2.69 lakh shares were traded in the counter as against average daily volume of 4.13 lakh shares in the past one quarter.

The stock hit a high of Rs 516.90 and a low of Rs 496.50 so far during the day. The stock hit a record high of Rs 550.80 on 18 November 2014. The stock hit a 52-week low of Rs 331.05 on 4 February 2014.

The stock had underperformed the market over the past one month till 1 January 2015, falling 7.07% compared with Sensex's 3.68% fall. The scrip had also underperformed the market in past one quarter, declining 0.90% as against Sensex's 3.54% rise.

The large-cap auto firm has equity capital of Rs 547.34 crore. Face value per share is Rs 2.

Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles rose 10% to 41,734 units in December 2014 over December 2013. The company's domestic sales of Tata commercial and passenger vehicles rose 8% to 37,776 units in December 2014 over December 2013. Tata Motors' exports jumped 40% to 3,958 units in December 2014 over December 2013.

Tata Motors' passenger vehicles rose 30% to 12,040 units in December 2014 over December 2013. The trend of growth in passenger vehicles continued with the strong Zest and Nano sales, Tata Motors said.

Tata Motor's consolidated net profit fell 7.1% to Rs 3290.86 crore on 6.5 % rise in total income to Rs 60809.13 crore in Q2 September 2014 over Q2 September 2013.

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