Tata Motors‘ share price was upbeat on Friday evening as the markets opened for the Muhurat Trading session.
What Happened: The auto giant reported total sales of 82,682 vehicles for October 2024, slightly down from 82,954 units in October 2023. Domestic sales for October 2024 stood at 80,839 units, nearly flat compared to 80,825 units in the same month last year.
Analysts at Motilal Oswal and Anand Rathi Share and Stock Brokers estimated the company to report sales of 78,400 and 79,500 respectively.
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Commercial vehicle sales for the month totalled 34,259 units, marginally lower than 34,317 units in October 2023, while passenger vehicle sales remained stable at 48,423 units, compared to 48,637 units last year.
The jump today comes as the stock has been struggling at the bourses. Prior to today, the stock has closed in the red in the past three sessions.
Price Action: Tata Motors’ share price was up 1.43% to trade at ₹846 on Friday evening.
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