Tata Motors‘ stock increased by about 5% today after the automaker reported total sales of 81,790 units in July, up 51% from the same period last year. The price of Tata Motors stock increased by 4.86 percent to reach an intraday high of Rs 471.5 on the BSE from its previous closing of Rs 449.65.
The price of Tata Motors stock is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The large-cap stock increased by 60% in a year, but it fell by 2.5% this year.
Share Rising in July
Compared to the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, Tata Motors shares were trading higher. A total of 46.89 lakh shares of the company were traded, resulting in a 214.72 crore rupee transaction on the BSE.
The company’s market capitalization on the BSE was Rs. 1.56 lakh crore. On November 17, 2021, the stock reached a 52-week high of Rs 536.50, and on August 24, 2021, it reached a 52-week low of Rs 268.50. In terms of monthly domestic sales, Tata Motors reported a gain of 52% YoY at 78,978 units in July. To reach 47,505 units, domestic sales of all passenger vehicles increased by 57%.
According to Tata Motors, domestic sales of trucks, buses, and other medium and heavy commercial vehicles (MH&ICV) in July 2022 were 12,012 units, up from 7,813 units in July 2021.
Tata Motors and Others
Trucks and buses were included in the total sales for MH&ICV’s domestic and international business this month, which totaled 12,974 units as opposed to 8,749 units in July 2021. The domestic car industry giant disclosed a consolidated net loss of Rs 4,951 crore in terms of earnings for the quarter ended in June 2022 on Wednesday.
In the same fiscal quarter, the company reported a consolidated net loss of Rs. 4,450 crores. In comparison to the same quarter last year, the total operating revenue for the first quarter was up to Rs 71,935 crore from Rs 66,406 crore.
Tata Motors posted a net loss of Rs 181 crore on an individual basis as opposed to Rs 1,321 crore in the same period last year. According to the corporation, operating revenue increased to Rs 14,874 crore in the first quarter from Rs 6,577 crore at the same time last year.
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