Tata Motors - Sales Data - September 2020 - Angel Broking

Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

"Tata Motors has reported a 37% YoY increase in domestic sales for the month of September 2020 to 44,444 units. PV sales for the month of August was up by 163% YoY to 21,199 units largely due to low base of last year as the company had cut production significantly post the NBFC crisis. CV sales were down by 11% YoY to 24,910 units with domestic sales down by 4% YoY to 23,245 units while exports contracted by 56.0% YoY to 1,665 units. In the CV segment SUV cargo and pickup remained the bright spot and reported a growth of 7% YoY to 14,522 units. The numbers for September reflect strong sequential growth MoM for the company due to improvement in supply chains and normalization of the economy as lockdowns were eased further post unlock 4.0."

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.133.5 as compared to the previous close of Rs. 133.3. The total number of shares traded during the day was 1674311 in over 8140 trades.

The stock hit an intraday high of Rs. 136.5 and intraday low of 132.6. The net turnover during the day was Rs. 225701631.

Source : Equity Bulls

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