Tata Motors gains as its arm JLR reports 20% growth in global sales in May

Tata  Motors is currently trading at Rs. 449.85, up by 4.25 points or 0.95% from its previous closing of Rs. 445.60 on the BSE.

The scrip opened at Rs. 445.90 and has touched a high and low of Rs. 451.30 and Rs. 442.25 respectively. So far 147166 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 464.20 on 16-May-2014 and a 52 week low of Rs. 263.10 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 454.90 and Rs. 417.00 respectively. The current market cap of the company is Rs. 123015.25 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 36.89% and 7.53% respectively.

Tata Motors’ British-based arm Jaguar and Land Rover (JLR) has registered 20% growth in global sales to 38,831 units in May. The Jaguar brand sold 6,450 units, up 4%, while Land Rover sold 32,381 units, a growth of 23%. JLR’s sales rose 53% in China, while in North America it was up 19%, the UK up 15%, Asia Pacific up 11% and Europe up 8%.

This has been another solid month for Jaguar Land Rover, with continued strong demand for models across the range in our international markets. The continued success of the F-Type convertible, coupled with the launch of Coupe, has supported Jaguar’s sales momentum. For Land Rover, the Range Rover Sport and Evoque continue to deliver impressive sales performance.