Tata Motors gains on good global wholesales in May 2015

Tata Motors rose 1.16% to Rs 426.50 at 9:22 IST on BSE after Tata Motors' group global wholesales, including Jaguar Land Rover, rose 2.15% to Rs 79,244 units in May 2015 over May 2014.

The company announced the global sales data after market hours on Friday, 12 June 2015.

Meanwhile, the BSE Sensex was down 19.35 points, or 0.07%, to 26,405.95.

On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 5.21 lakh shares in the past one quarter.

The stock hit a high of Rs 427 and a low of Rs 425 so far during the day. The stock hit a record high of Rs 605.32 on 3 February 2015. The stock hit a 52-week low of Rs 418 on 12 June 2015.

The stock had underperformed the market over the past one month till 12 June 2015, falling 17.94% compared with 1.68% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 24.46% as against Sensex's 8.66% fall.

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

Tata Motors' Global wholesales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range fell 0.33% to 29,063 units in May 2015 over May 2014. Global wholesales of all passenger vehicles rose 3.64% to 50,181 units in May 2015 over May 2014. Global wholesales of Tata passenger vehicles rose 20.02% to 11,302 units in May 2015 over May 2014.

Tata Motors' consolidated net profit declined 56.2% to Rs 1716.50 crore on 4% growth in net sales to Rs 67297.99 crore in Q4 March 2015 over Q4 March 2014.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia.

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