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Tata Motors gains despite its arm reports 12% dip in sales in Q2FY21

06 Oct 2020 Evaluate

Tata Motors is currently trading at Rs. 141.50, up by 7.60 points or 5.68% from its previous closing of Rs. 133.90 on the BSE.

The scrip opened at Rs. 137.80 and has touched a high and low of Rs. 142.80 and Rs. 135.90 respectively. So far 2342522 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 143.00 and Rs. 130.50 respectively. The current market cap of the company is Rs. 41361.34 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 28.84% and 18.21% respectively.

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported 11.9 percent dip in sales in Q2 (July-September) of 2020-21 to 1,13,569 units as compared to the same period previous year. However, the company's sales improved by 50 percent during the July-September quarter as against 74,067 units in April-June period of the current fiscal.

Sales in China were particularly encouraging during the period under review, up 14.6 percent over the previous quarter and 3.7 percent on a year-on-year basis. Retail sales in other regions, including the UK, Europe, North America and other markets, also significantly improved from the prior quarter. However, sales in these regions have not yet recovered to the levels a year ago. 

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

Tata MotorsPassenger Share Price

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