Tata Motors leads the BSE “Auto” space

Tata Motors Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500570 | NSE: TATAMOTORS

19 Dec 2011 Evaluate

Tata Motors is currently trading at Rs 179.60, up by 7.35 points or 4.27% from its previous closing of Rs 172.25 on the BSE.

The scrip opened at Rs 171.00 and has touched a high and low of Rs 181.60 and Rs 169.20 respectively. So far 3022978 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 274.40 on 22-Dec-2010 and a 52 week low of Rs 137.65 on 13-Sep-2011.

Last one week high and low of the scrip stood at Rs 187.95 and Rs 167.75 respectively. The current market cap of the company is Rs 46358.70 crore.

The promoters holding in the company stood at 35.05% while Institutions and Non-Institutions held 37.31% and 9.16% respectively.

Apollo Tyres up by 2.06% and Ashok Leyland up by 0.22% were the other top gainers on BSE sectoral front.

Tata Motors, country’s largest vehicle maker, recently reported 35% increase in its global vehicle sales in November, with its luxury Jaguar Land Rover unit reporting a 27% rise in sales at 29,183 over the same period. In November, Tata, part of salt-to-steel Tata Group conglomerate, sold 108,028 vehicles.

The auto major has witnessed an increase of 40.64% in its total vehicle sales during November, 2011, at 76,823 units against 54,622 units in the same month last year. However, domestic sales of passenger vehicles stood at 27,737 units in November, up 80.81% from 15,340 units in the same month last year