Tata Motors shares jump over 8 per cent; mcap rises by Rs 7,718 crore

Mumbai: Shares of Tata Motors advanced by over 8 per cent today, adding Rs 7,717.86 crore to its market valuation after its Jaguar Land Rover (JLR) sales went up 3 per cent in September at 47,634 units.

The stock soared 8.06 per cent to settle at Rs 380.70 on BSE. Intra-day, it gained 8.91 per cent to Rs 383.70. The stock was the top gainer among the 30-Sensex blue- chips. At NSE, shares of the company jumped 8.23 per cent to end at Rs 381.30. Following the sharp rise in the stock, the company's market valuation rose by Rs 7,717.86 crore to Rs 1,09,433.86 crore.

In terms of volume, 17.70 lakh shares of the company changed hands at BSE and over one crore shares were traded at NSE during the day. Tata Motors-owned JLR sold 47,634 units globally in September, up 3 per cent compared to the same month last year.

"The all-new Jaguar XE and the all-new Discovery Sport continued to impress this month, retailing more than 13,000 vehicles in total," JLR Group Sales Operations Director Andy Goss said. Sales in the UK, Europe and North America have shown impressive growth year-to-date despite a challenging macro-economic environment, particularly in China, he added.

Meanwhile, Tata Motors on Thursday reported 21 per cent increase in its global sales, including that of JLR vehicles, at 97,102 units in September. The company had sold 80,104 units in the same month last year, Tata Motors said in a statement.

In the passenger vehicles category, global sales stood at 63,334 units last month as against 45,186 units in September 2014, up 40 per cent.