Tata Motors advances post JLR sales data
Tata Motors gained over 2% in the early morning trade on Monday, on the BSE after its British luxury unit Jaguar Land Rover reported 11% rise in sales at 51,591 units in June 2017 over June 2016.
“Retail sales for Jaguar Land Rover reached 51,591 vehicles this month, up 11.0% on June 2016, Retail sales for the first quarter totalled 132,463 vehicles, up 3.5% compared to the same quarter last year,” said Tata Motors in a BSE filing in the post market hours on Friday, on the BSE.
The stock of Tata Motors was trading at Rs 446.50, up by Rs 9.70 or 2.22 as at 1026 hours on Monday, on the BSE. The stock had hit an intraday high of Rs 457.50.
Stock view :-
Tata Motors Ltd is currently trading at Rs 447.85, up by Rs 11.05 or 2.53% from its previous closing of Rs 436.8 on the BSE.
The scrip opened at Rs 441.7 and has touched a high and low of Rs 457.5 and Rs 441.7 respectively. So far 1235448(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 139592.15 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 417.1 on 08-May-2017. Last one week high and low of the scrip stood at Rs 441.3 and Rs 426.1 respectively.
The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 38.71 % and 26.56 % respectively.
The stock is currently trading below its 200 DMA.
“Retail sales for Jaguar Land Rover reached 51,591 vehicles this month, up 11.0% on June 2016, Retail sales for the first quarter totalled 132,463 vehicles, up 3.5% compared to the same quarter last year,” said Tata Motors in a BSE filing in the post market hours on Friday, on the BSE.
The stock of Tata Motors was trading at Rs 446.50, up by Rs 9.70 or 2.22 as at 1026 hours on Monday, on the BSE. The stock had hit an intraday high of Rs 457.50.
Stock view :-
Tata Motors Ltd is currently trading at Rs 447.85, up by Rs 11.05 or 2.53% from its previous closing of Rs 436.8 on the BSE.
The scrip opened at Rs 441.7 and has touched a high and low of Rs 457.5 and Rs 441.7 respectively. So far 1235448(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 139592.15 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 417.1 on 08-May-2017. Last one week high and low of the scrip stood at Rs 441.3 and Rs 426.1 respectively.
The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 38.71 % and 26.56 % respectively.
The stock is currently trading below its 200 DMA.
Tata Motors Ltd :-
BSE 447.70 10.90 (2.50%)
NSE 446.55 9.70 (2.22%)
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