Tata Motors gains after declaring Q1 result

Tata Motors rose 3.29% to Rs 510 at 15:17 IST on BSE after the company declared its Q1 June 2016 result during market hours today, 26 August 2016.

Meanwhile, the S&P BSE Sensex was down 50.05 points or 0.18% at 27,785.86

On BSE, so far 15.98 lakh shares were traded in the counter as against average daily volume of 8.67 lakh shares in the past one quarter. The stock hit a high of Rs 510.85 and a low of Rs 486.10 so far during the day. The stock had hit a 52-week high of Rs 522.20 on 8 August 2016. 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.

Tata Motors' consolidated net profit dropped 56.98% to Rs 2260.40 crore on 8.9% growth in total income to Rs 67229.69 crore in Q1 June 2016 over Q1 June 2015.

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

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