Tata Motors hits new 52-week high; stock jumps 5 per cent
During Friday’s trading session, the stock of Tata Motors jumped more than 5 per cent and made a new 52-week high of Rs 306.90. In the last one month, the company has gained nearly 87.53 per cent.
The stock of Tata Motors has recovered by 382.55 per cent from its sharp decline in March 2020.
Tata Motors registered domestic sales of 1,50,958 units in Q3FY21, which grew by 41 per cent over Q2FY21 and by 24 per cent over Q3FY20. The company has turned FCF positive in September quarter.
The CV segment is also witnessing a gradual revival with LCV volumes back to the pre-COVID levels and MHCV volumes witnessing an improvement.
Tata Motors reported a net loss of Rs 343.28 crore in Q2FY21. It had reported a profit of Rs 175.76 crore in Q2FY20. The company reported net sales of Rs 52,839.02 crore for Q2FY21, a decrease of 18.41 per cent as against the net sales of Rs 64,763.39 crore for Q2FY20.
According to BSE data, the stock traded at a price-to-book ratio of 5.94. The stock has a 52-week high and a 52-week low of Rs 306.90 and Rs 63.60, respectively.
At 11.30 am, the stock of Tata Motors was trading at Rs 299.70, up by 3.18 per cent on BSE.