New Delhi: The shares of Tata Motors jumped by 5 percent on Monday after the company informed that the sale of Land Rover and Jaguar reported 24 percent higher global wholesale for the September quarter compared to last year.
During the day's trading, the stock had reached a price of Rs 435.65, which is its new high of 52 weeks. However, later its shares came down a bit. Tata Motors shares were trading at 420.60 with a jump of 1.18 percent on the National Stock Exchange (NSE) at around 1:15 pm.
Reportedly, the Tata Motors Group global wholesales in Second Quarter of FY 22, including Jaguar Land Rover, were at 2, 51,689, which is 24 percent higher from Second quarter of FY21.
Notably, on the last Monday, the shares of Tata Motors had also jumped 8 percent. Shares of Tata Motors have climbed up to 21.74 per cent in just the last five trading sessions. On the other hand, Tata Motors has given a return of about 39.61 percent in the last one month.
In an official statement, the company said that the global wholesales for all Tata Motors commercial vehicles and the Tata Daewoo range stood at 89,055 in Q2, up 57 percent over the same quarter last year.
Global wholesales of all passenger vehicles stood at 1,62,634 in Q2 of FY22, an increase of 11 per cent over the corresponding quarter of the previous fiscal. Meanwhile, Jaguar Land Rover's global wholesales stood at 78,251 vehicles.