Tata Motors rose 1.96% to Rs 494.10 at 9:46 IST on BSE after the company said its global wholesales rose 5.98% at 80,151 units in July 2014 over June 2014.
The company announced the sales number after market hours on Thursday, 14 August 2014. The stock market was closed on Friday, 15 August 2014, on account of Independence Day.
Meanwhile, the S&P BSE Sensex was up 61.46 points or 0.24% at 26,164.69.
On BSE, so far 1.25 lakh shares were traded in the counter as against average daily volume of 4.58 lakh shares in the past one quarter.
The stock hit a high of Rs 495 so far during the day, which is a record high for the counter. The stock hit a low of Rs 488.25 so far during the day. The stock had hit a 52-week low of Rs 278.65 on 21 August 2013.
The stock had outperformed the market over the past one month till 14 August 2014, surging 6.21% compared with Sensex's 4.38% rise. The scrip had, however, underperformed the market in past one quarter, jumping 9.54% as against Sensex's 9.61% rise.
The large-cap company has equity capital of Rs 643.72 crore. Face value per share is Rs 2.
Tata Motors' global wholesales declined 8.46% at 80,151 units in July 2014 over July 2013.
Tata Motors' consolidated net profit jumped 212.7% to Rs 5398.21 crore on 37.2% growth in net sales to Rs 64150.74 crore in Q1 June 2014 over Q1 June 2013.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 232834 crore ($38.9 billion) in 2013-14. It 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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