Tata Motors shares jumped on Tuesday after it announced a sharp rise in consolidated net profit for the quarter ended December 2013. During the quarter, the profit of the company rose 2.95 times to Rs 48,048.00 million from Rs 16,275.00 million in the same quarter previous year.
Net sales for the quarter rose 38.59% to Rs 638,768.30 million, compared with Rs 460,896 million for the prior year period.
Shares of the company are trading at Rs 377.15, up Rs 13.15, or 3.61% at the Bombay Stock Exchange (BSE) on Tuesday at 9:34 a.m.
The scrip has touched an intra-day high of Rs 382.45 and low of Rs 376.90. The total volume of shares traded at the BSE is 313,282.
In the earlier session, the shares gained 0.86%, or Rs 3.1, at Rs 364.
Currently, the stock is trading down 6.88% from its 52-week high of Rs 405.00 and above 49.6% over the 52-week low of Rs 252.10.