Tata Motors Surges Nearly 7% On Robust Q4 Earnings

Posted By: Religare
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Shares of Tata Motors rose nearly 7 per cent on Bombay Stock Exchange (BSE) after the auto major reported robust earnings for the quarter ended March 31, 2016.

For the March 2016 quarter consolidated profit after tax surged over 200 per cent to Rs 5,177 crore against Rs 1,717 crore in the corresponding quarter last fiscal.

Tata Motors Surges Nearly 7% On Robust Q4 Earnings
Tata Motors: Quotes, News
BSE 418.60BSE Quote0.2 (0.05%)
NSE 417.75NSE Quote1.2 (0.29%)

Consolidated revenues (net of excise) rose 19 per cent to Rs 80,684 crore compared with Rs 67,778 crore in the quarter ended March 31, 2015.

Reacting to the news, shares of the company gained 6.97 per cent to Rs 449.85 a piece on BSE.

Shares of the company surged 6.64 per cent to Rs 449.20 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,647.91, down 77.69 points, or 0.29 per cent at 11.20 hours.

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