Tata Motors rose 0.88% to Rs 456.85 at 10:36 IST on BSE after the company's British luxury car unit Jaguar Land Rover reported 14% rise in sales to 240,372 vehicles in January to June 2014 compared to same period last year.
Meanwhile, the BSE Sensex was up 56.65 points, or 0.22%, to 25,429.40
On BSE, so far 59,213 shares were traded in the counter, compared with an average volume of 4.23 lakh shares in the past one quarter.
The stock hit a high of Rs 461.30 and a low of Rs 453.50 so far during the day. The stock hit a 52-week high of Rs 484.05 on 8 July 2014. The stock hit a 52-week low of Rs 272.50 on 7 August 2013.
The stock had outperformed the market over the past one month till 10 July 2014, rising 0.12% compared with 0.82% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 5.12% as against Sensex's 11.7% 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) reported 14% rise in sales to 240,372 vehicles in January to June 2014 from the same period last year. JLR delivered more vehicles in the past six months than in the whole of 2010. The company said sales for the six months ended June 2014 (H1 June 2014) were its strongest ever half year sales performance.
JLR sales rose 17% to 39,594 vehicles in June 2014 over June 2013.
Jaguar sales rose 16% to 43,587 vehicles in the calendar year to date over previous corresponding year ago period. Land Rover sales rose 14% to 196,785 vehicles in H1 June 2014 over HI June 2013.
Commenting on the half year sales performance, Andy Goss, Jaguar Land Rover Group Sales Operations Director, said: "It is very encouraging to see both of our Jaguar and Land Rover brands delivering such strong performances for the first half of 2014. Range Rover Sport sales are up remarkably since last year and, 21 months since it was rolled out, the Range Rover remains strong, with sales performance continuing to grow year-on-year. Our top-selling model, the Range Rover Evoque, also continues to show solid growth. For Jaguar, the F-Type continues to drive sales and raise brand awareness with more customers around the world."
On 1 July 2014, Tata Motors said total vehicle sales fell 27% to 38,557 units in June 2014 over June 2013.
Tata Motors' consolidated net profit declined 0.7% to Rs 3918.29 crore on 15.9% growth in net sales to Rs 64715.81 crore in Q4 March 2014 over Q4 March 2013.
Tata Motors is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer.
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