Tata Motors rose 0.52% to Rs 398.50 at 11:11 IST on BSE on reports the company will increase prices of its vehicles in April 2014 due to inflationary pressure and higher input costs.
Meanwhile, the BSE Sensex was up 49.35 points, or 0.22%, to 22,389.32.
On BSE, so far 83,000 shares were traded in the counter, compared with an average volume of 5.56 lakh shares in the past one quarter.
The stock hit a high of Rs 401.70 and a low of Rs 396.90 so far during the day. The stock hit a 52-week high of Rs 420.30 on 4 March 2014. The stock hit a 52-week low of Rs 252.10 on 5 April 2013.
The stock had underperformed the market over the past one month till 28 March 2014, sliding 4.94% compared with the Sensex's 5.78% rise. The scrip had, however, outperformed the market in past one quarter, rising 6.82% as against Sensex's 5.41% rise.
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The large-cap company has an equity capital of Rs 643.72 crore. Face value per share is Rs 2.
The media quoted Tata Motors' spokeswoman as saying that the company will increase passenger vehicle prices by 1-2% and commercial vehicle prices by about 1% in April 2014.
On a consolidated basis, Tata Motors' net profit surged 195.2% to Rs 4804.80 crore on 38.4% increase in total income to Rs 64034.30 crore in Q3 December 2013 over Q3 December 2012.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 188818 crore in 2012-13. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, 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 8 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 fifth largest truck manufacturer and fourth largest 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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