Tata Motors inches up after reporting decent wholesales for May

Tata Motors rose 0.19% to Rs 467.20 at 9:22 IST on BSE after the company announced that its global wholesales including Jaguar Land Rover rose 10% to 87,414 units in May 2016 over May 2015.

The announcement was made after market hours yesterday, 8 June 2016.

Meanwhile, the S&P BSE Sensex was down 101.62 points or 0.38% at 26,919.04.

On BSE, so far 50,000 shares were traded in the counter as against average daily volume of 13.25 lakh shares in the past two weeks. The stock hit a high of Rs 469 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 465.95 so far during the day. The stock had hit a 52-week low of Rs 266 on 11 February 2016.

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

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 11% to 32,375 units in May 2016 over May 2015. Global wholesales of all passenger vehicles rose 10% to 55,039 units in May 2016 over May 2015.

Tata Motors' consolidated net profit jumped 201.6% to Rs 5177.06 crore on 18.8% growth in net sales to Rs 79926.12 crore in Q4 March 2016 over Q4 March 2015.

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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