Tata Motors hits 52-week high on July sales jump

The stock extended gains and surged 8.5% to a new 52-week high of Rs 468. It finally ended at Rs 443 - up 2.7%. Volumes more-than-doubled to 3.9 million shares as compared to its two-week daily average trade of 1.81 million shares on the BSE.
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(Updated at 1047 hrs)

Tata Motors has surged on a 18% jump in July vehicle sales.

The stock opened at Rs 435 and surged to a high of Rs 447 - up 3.7%. It is now trading near the days high at Rs 445, up 3.2%. The stock has gained over 7.5% in the past week. Around 468,947 shares have been traded on the BSE so far.

 

The stock is currently only 3% away from its 52-week high of Rs 460. However, it has zoomed 265% from its 52-week low of Rs 122.

The company reported a 18% surge in vehicle sales at 48,054 units in July compared to 40,729 units in the corresponding month last year. However, exports in July dropped 3.5% to 2,455 units as against 3,696 units in the same month last year.