Tata Motors stock gains by 5.83 percent

By SiliconIndia   |   Monday, August 24, 2009
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Bangalore: Tata Motors, an Indian automobile company has ended the trading on top node with a gain of Rs.25.20 (5.83 percent). After opening at Rs.444, the stock went up to Rs.460 to end the day at Rs.457.75. A total of 1,205,425 shares were traded throughout the day with a current P/E ratio of the stock at 19.80. The stock has touched a 52-week high of Rs.492.40 and a low of Rs.124.80. With 1,741,113 units of shares, Reliance Vision Fund - Retail Plan holds the highest number of Tata Motors' shares. The 52 week stock price chart of Tata Motors is on the left. Tata Motors is mainly engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the company. The company's operating segments consists of automotive and others. Automotive segment consists of business of automobiles products consisting of all types of commercial and passenger vehicles. Others primarily include construction equipment, engineering solutions and software operations. In the first quarter (Q1) ended June 30, 2009, Tata Motors reported a 58 percent jump in its profit after tax (PAT) to Rs.514 crore, as compared to Rs.326 crores in the corresponding quarter last year. Currently, out of the 27 analysts following the stock, consensus recommendation is hold. Out of them five analysts recommend to buy, six rate it as underperform and eight recommend to sell the stock. Other automobile companies have also ended the trade in green zone. Mahindra and Mahindra gained by 1.16 percent and Maruti Suzuki India went up by 3.33 percent.
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