new Delhi. For the past few months, the figures of auto companies have been very good. Sales of auto companies have increased significantly, especially during the festive season. Auto companies figures are coming soon. It is expected that the sales of auto companies have been very good in the month of November. Due to this, auto stocks are seeing very good growth in the stock market today. If you talk about the country’s leading auto company Tata, then today a 5% increase has been seen. In the month of November, Tata Motors shares have gone up by 28%.
Why Tata shares rose?
In fact, sales figures of auto companies are on the way. According to experts, the month of November was a festival in the country. Auto companies are expected to see a significant increase in sales on this occasion. According to experts, more sales figures will be seen in the month of November than in October. Talking about the October figures, Tata Motors’ total domestic sales grew by 27 per cent to 49,699 units. In the passenger vehicle category, its sales were up 79 per cent to 23,617 units. Total sales of commercial vehicles of the company grew by two per cent to 28,472 vehicles during the period under review. In this, domestic sales of the company’s commercial vehicles stood at 26,052 vehicles in October. Commercial vehicle exports of the company grew by 20 per cent to 2,420 units.
Company shares rose 5 percent
If we talk about today, then the shares of the company have seen a rise of 5 percent. According to the data, the shares of the company today reached the highest level with 183.30. While the shares of the company opened at Rs 174.45. While the company’s stock closed at Rs 173.75 on Thursday. Currently, at 2.30 pm, the company’s stock is trading at Rs 182.25, up 4.92 per cent, ie Rs 8.50.
28 percent rise in November
If you talk about the whole of November, then the shares of Tata Motors have seen a rise of 28%. As per the data, the company’s stock closed at Rs 132.70 on the last trading day of October. Which today reached the maximum level of Rs 183.30. That is, in the month of November, the company’s shares have seen a rise of Rs 50.60.