Shares of Tata Motors sparkled 4 percent intraday on Wednesday after the Auto complier’s total vehicle sales in the Indian market, as well as international markets, grew 21 percent in November. The stock gained 4.2 per cent to Rs 187.37 on the NSE, but by noon it cut off some gains and traded at Rs.184.60, up by 2.7 percent
Tata Motors on Tuesday said its total vehicle sales, both in the domestic and international, grew 21 percent in November to 49,650 units. The company had sold 41,124 units in the same month last year. Total Indian sales increased 26 percent to 47,859 vehicles in the previous month, from 38,057 units sold in November 2019, Tata Motors said in a statement. Domestic passenger vehicle sales climbed 108 percent to 21,641 units in November, as compared to 10,400 units in the year-ago month.
On Wednesday, Benchmark indices continue to trade in the red during the late morning trade. Nearing the mid-noon session, the BSE Sensex was lower 131 points at 44,523 levels while the NSE Nifty was down 15.65 points at 13,093 levels. Nifty continues to trade above the 13k mark.
Vodafone-Idea may face setback due to this reason
Glenmark gets US approval for cancer drug, stock rise
Stock Markets Watch: Markets open marginally lower; Nifty above 13K