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Thursday, 2 February 2017

Following the reports of fall in sales of Tata Motors, its stock in Thursday’s session cracked 2.03% on the NSE. The company had announced the sales report on Wednesday. 

The total sales in January fell 1.5% to 46,349 units from 47,035 units a year ago. Also, domestic sales during the month were seen flat at 41,428 units. However, passenger car domestic sales rose by 21% to 129,907 units.

The company’s exports too dropped 13% from 5,637 to 4,921 units a year ago. Headquartered in Mumbai, Tata Motors, is an Indian multinational automotive manufacturing company and is a member of the Tata Group.

Tata Motors Ltd is currently trading at Rs 531.1, down by Rs 10.6 or 1.96% from its previous closing of Rs 541.7 on the BSE. The scrip opened at Rs 541.9 and has touched a high and low of Rs 541.9 and Rs 528.1 respectively. So far 4038500(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 173863.67 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 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs 553 and Rs 518 respectively.

The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 39.04 % and 26.24 % respectively. The stock is currently trading above its 100 DMA.

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