October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 units yoy. Land Rover US sales rallied 97.6 percent at 7,199 units in October from 3,643 yoy. However, Jaguar's sales dipped moderately by 1.9% and clocked 988 units from 1,007 units (Y-o-Y).
Backed by strong JLR sales in USA in the month of October 2015, shares of Tata Motors have rallied 5.67% intraday.
October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 units yoy. Land Rover US sales rallied 97.6 percent at 7,199 units in October from 3,643 yoy. However, Jaguar's sales dipped moderately by 1.9% and clocked 988 units from 1,007 units (Y-o-Y).
In India, Tata Motors continued to witness strong year-on-year growth in certain key segments in October 2015, with passenger cars (excluding UVs), M&HCV and Exports, growing by 15%, 20% and 13%, respectively. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 43,486 vehicles, higher by 1%, over 42,862 vehicles, sold in October 2014. The domestic sale of Tata commercial and passenger vehicles for October 2015 were at 38,917 nos., remained flat, over vehicles sold in October 2014.
In India, Tata Motors continued to witness strong year-on-year growth in certain key segments in October 2015, with passenger cars (excluding UVs), M&HCV and Exports, growing by 15%, 20% and 13%, respectively. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 43,486 vehicles, higher by 1%, over 42,862 vehicles, sold in October 2014. The domestic sale of Tata commercial and passenger vehicles for October 2015 were at 38,917 nos., remained flat, over vehicles sold in October 2014.
The scrip opened at Rs. 389 and has touched a high and low of Rs. 405.65 and Rs. 389 respectively. So far 7675175(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 123505.67 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 605.57 on 03-Feb-2015 and a 52 week low of Rs. 279.15 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 396.9 and Rs. 381 respectively.
The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 39.16 % and 8.38 % respectively.
The stock is currently trading below its 200 DMA.
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