Tata Motors shares shoot up 3 percent after good sales in April

Shares of Tata Motors gained over three percent per cent after the company reported a 9.9 per cent growth in sales at 39,763 units in April against 36,190 units during the same month last year.

After a positive opening, the shares of the company climbed 3.57 per cent to Rs 421.85 on BSE. At NSE, it rose by 3.5 percent to Rs 422.

The company announced the monthly sales volume data after market hours yesterday.

Domestic sales of Tata Motors’ commercial and passenger vehicles rose 11 per cent at 35,978 units during the month as against 32,404 in April 2015.

Sales of passenger vehicles in the domestic market last month stood at 11,161 units as against 10,341 a year ago, up 7.9 per cent, Tata Motors said in a statement.

As for passenger cars, the sales read 5.9 per cent at 9,451 units in April compared with the year-ago period.

In the commercial vehicles segment, the company’s domestic sales came in at 25,138 units, up 13.3 per cent over April 2015.