Tata Motors stock rises as firm adopts Business Agility Plan amid COVID surge
India s third-largest automobile manufacturing company reported domestic sales of 182,824 units in Q4 FY21, up 21 per cent on a sequential basis and up 94 percent on a year-on-year (YoY) basis
BusinessToday.In | April 27, 2021 | Updated 13:38 IST
At 12:42 hours, Tata Motors was quoting at Rs 298.50, up 1.05 percent on the BSE
Tata Motors share rose over 1% today after the auto firm announced that it has scaled up efforts to enhance the wellbeing of its personnel and their supporting ecosystem. The company has adopted a Business Agility Plan to protect and serve the interests of its customers, dealers, and suppliers.
Benchmark indices firmed up once again in the mid-afternoon trade. The Nifty crossed the 14,600 level. All the sectoral indices on the NSE were in the green.
At 14:28 IST, the barometer index, the S&P BSE Sensex, jumped 508.11 points or 1.05% at 48,894.62. The Nifty 50 index gained 154.05 points or 1.06% at 14,639.60.
In the broader market, the S&P BSE Mid-Cap index added 0.93% while the S&P BSE Small-Cap index rose 1.39%.
The market breadth was strong. On the BSE, 1,900 shares rose and 978 shares fell. A total of 155 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 14,78,83,829 with 31,20,894 deaths. India reported 28,82,204 active cases of COVID-19 infection and 1,97,894 deaths while 1,45,56,209 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
Tata Motors will continue to review and plan for the critical raw materials to cater to the current volatile demand outlook and work closely with its vendor partners to meet the same.
Tata Motors Ltd update on COVID situation equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Lockdown in various parts to impact vehicle demand temporarily: Tata Motors
By IANS |
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Tata Motors to buy Marcopolo s stakes in bus, coach JV for Rs 99.96 cr. Image Source: IANS
New Delhi, April 26 : Automobile major Tata Motors on Monday said the lockdown enforced in various parts of the country is expected to impact vehicle demand temporarily.
The auto major also said it remains vigilant about the evolving Covid situation and has scaled up efforts to enhance the well-being of its personnel and their supporting ecosystem. The lockdown enforced in various parts of the country is expected to impact vehicle demand temporarily. Hence, the company has set in motion a comprehensive Business Agility Plan to protect and serve the interests of its customers, dealers and suppliers.