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Tata Motors spurts on registering 12% growth in August sales

03 Sep 2012 Evaluate

Tata Motors is currently trading at Rs 237.90, up by 4.15 points or 1.78% from its previous closing of Rs 233.75 on the BSE.

The scrip opened at Rs 237.00 and has touched a high and low of Rs 239.30 and Rs 236.00 respectively. So far 132087 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 320.60 on 20-Apr-2012 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 246.70 and Rs 229.80 respectively. The current market cap of the company is Rs 64370.32 crore.

The promoters holding in the company stood at 34.71% while Institutions and Non-Institutions held 39.97% and 8.83% respectively.

Tata Motors has registered a 12% growth in its total sales at 71,826 vehicles for the month of August 2012, including exports of Tata commercial and passenger vehicles. Besides, the company’s domestic sales rose by 13% at 67,453 vehicles as against 59,874 vehicles sold in August last year.

The company’s sales of commercial vehicles in August 2012 in the domestic market were 45,142 vehicles, a 5% growth, compared to 43,045 vehicles, sold in August last year while, sales of passenger vehicles for August 2012 are at 22,311 vehicles, higher by 33%, over 16,829 vehicles, sold in August last year.

Sales of the Tata Nano were 6,507 vehicles, higher by 441%, compared to 1,202 vehicles, sold in August, last year. The Indica range sales were 7,591 vehicles, higher by 5%, over 7,206 vehicles, sold in August, last year. The Indigo range recorded sales of 3,629 vehicles, lower by 29%, over 5,100 vehicles, sold in August, last year. The Sumo/ Safari/ Aria/ Venture range sales were 4,584 vehicles, higher by 38%, over 3,321 vehicles, sold in August 2011. Jaguar Land Rover sales in India continued their upward trend.

Meanwhile, the company’s sales from exports grew by 4% at 4,373 vehicles in August 2012 as compared to 4,204 vehicles, in August last year.

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