Tata Motors scales record high

Tata Motors rose 1.04% to Rs 389.15 at 14:18 IST on BSE, with the stock extending recent gains triggered by Jaguar Land Rover reporting strong retail sales in September 2013.

Jaguar Land Rover (JLR) made the announcement on Thursday, 10 October 2013. Shares of Tata Motors rose 5% to Rs 371.75 on that day. The stock has risen 9.91% in three trading sessions from Rs 354.05 on Wednesday, 9 October 2013.

Meanwhile, the BSE Sensex was up 72.76 points, or 0.35%, to 20,601.35

On BSE, 6.51 lakh shares were traded in the counter compared with average volume of 9.83 lakh shares in the past one quarter.

The stock hit a high of Rs 393 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 385.15 so far during the day. The stock hit a 52-week low of Rs 245.35 on 30 October 2012.

The stock had outperformed the market over the past one month till 11 October 2013, rising 13.11% compared with the Sensex's 2.66% rise. The scrip had also outperformed the market in past one quarter, surging 34.97% as against Sensex's 4.33% rise.

The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.

Tata Motors' British luxury car unit Jaguar Land Rover (JLR) on Thursday, 10 October 2013, said its retail sales jumped 17% to 43,181 vehicles in September 2013 over September 2012. Sustained sales growth continues for JLR, with increase in retail sales in all major regions, JLR said in statement. Retail sales of the Land Rover brand rose 13% to 34,719 vehicles in September 2013 over September 2012. Sales of the Jaguar brand jumped 35% to 8,462 vehicles in September 2013 over September 2012.

Tata Motors' consolidated net profit fell 23.1% to Rs 1726.07 crore on 8.3% growth in net sales to Rs 46751.26 crore in Q1 June 2013 over Q1 June 2012.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,88,818 crore ($34.7 billion) in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, Spain, 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 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.

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