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Tata Motors’ shines as JLR reports 30% rise in global sales for April

13 May 2014 Evaluate

Tata Motors is currently trading at Rs. 451.30, up by 6.30 points or 1.42% from its previous closing of Rs. 445.00 on the BSE.

The scrip opened at Rs. 448.00 and has touched a high and low of Rs. 455.55 and Rs. 448.00 respectively. So far 2,21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 455.55 on 13-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. 455.55 and Rs. 415.40 respectively. The current market cap of the company is Rs. 1,21,449.00 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 reported 30% increase in global sales for April at 37,171 units. The company’s sales were up 72% in the China region, 19% in North America, 25% in Asia Pacific and 27% in Europe.

Jaguar sold 5,511 vehicles April, up 17% year-on -year, with a strong performance from the F-Type while Land Rover sold 31,660 vehicles, an increase of 33%, on the back of robust sales from all three Range Rover models. The Range Rover Sport delivered its best sales performance in April since 2006.

Land Rover saw increases for the month in all regions, including 72% rise in sales in China Region and 31% sales increase in Asia Pacific. In 2013, JLR had sold 425,006 vehicles worldwide. While Jaguar accounted for 76,668 vehicles, Land Rover sold 348,338 units during the year.

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