Tata Motors moves ahead after robust monthly sales

Tata Motors was up 0.92% to Rs 373.60 at 13:46 IST after the company reported robust sales performance for the month of February 2018.

The announcement was made during market hours today, 1 March 2018.

Meanwhile, the S&P BSE Sensex was up 4.81 points or 0.01% at 34,188.85.

On the BSE, 3.29 lakh shares were traded on the counter so far as against average daily volumes of 4.47 lakh shares in the past two weeks. The stock had hit a high of Rs 376.25 and a low of Rs 367.90 so far during the day. The stock had hit a 52-week high of Rs 487 on 26 May 2017 and a 52-week low of Rs 357 on 6 February 2018.

Tata Motors registered a growth of 38% year-on-year at 58,993 units in February 2018 due to continued strong sales performance of its commercial and passenger vehicles business in the domestic market. Exports declined 3% at 4,768 units.

Tata Motors' consolidated net profit surged 988.6% to Rs 1214.60 crore on 16% growth in net sales to Rs 74156.07 crore in Q3 December 2017 over Q3 December 2016.

Tata Motors is a market leader in commercial vehicles in India. The company's British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

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