Meanwhile, the BSE Sensex was up 376 points, or 2.21%, to 17,008.01.
On BSE, 6.21 lakh shares were traded in the counter as against an average daily volume of 12.17 lakh shares in the past one quarter.
The stock hit a high of Rs 662.40 and a low of Rs 632 so far during the day. The stock had hits a 52-week high of Rs 663 on 24 November 2009 and a 52-week low of Rs 125 on 2 December 2008.
The large-cap stock had outperformed the market over the past one month till 27 November 2009, rising 14.92% as compared to the Sensex's 1.70% rise. It had also outperformed the market in the past one quarter, gaining 29.54% as compared to the Sensex's return of 5.39%.
The company's equity capital is Rs 544.19 crore. Face value per share is Rs 10.
The current price of Rs 659.25 discounts the company's Q2 September 2009 annualized EPS of Rs 56.74, by a PE multiple of 11.62.
A South Korean newspaper on Monday, 30 November 2009, quoted Ratan Tata, chairman of the Tata Group, as saying in Mumbai that low-priced goods would create stronger demand than high-end products in India, and the so-called low-price revolution would continue across the world. Tata Motors sees the car industry's future lying in economic-friendly models, the daily said. The chairman did not elaborate on the possible launch of cheap hybrid versions.
The 71-year-old chairman said he is considering exporting Tata Motors' light truck, Ace, to South Korea, and also assembling or manufacturing the model in its South Korean plant.
Tata Motors reported a consolidated net profit of Rs 21.78 crore in Q2 September 2009 compared with a consolidated net loss of Rs 941.75 in Q2 September 2008. Total income declined 8.20% to Rs 21506.94 crore in Q2 September 2009 over Q2 September 2008. The company announced the consolidated results at the fag end of the trading session on Friday, 27 November 2009.
The company reported a better-than-expected performance on a consolidated basis, thanks to a pick-up in sales volumes on a sequential basis for the Land Rover brand, coupled with reduced raw material costs.
The Europe-based luxury car arm Jaguar-Land Rover also reported a segment profit (before interest, depreciation, amortization and tax) of £41 million (Rs 314 crore) in the second quarter, as compared to a loss of £34 million (Rs 261 crore) a quarter earlier.
As per recent reports, Tata Motors along with its unit Jaguar Land Rover have tied up $250 million from GE Capital to fund working capital. Jaguar Land Rover would avail the loan from GE Capital - the financing arm of US-based General Electric as soon as it rolls off its three UK production lines, reports suggest. It will boost working capital within the company by shortening the 30-40 day gap it typically has to wait between producing hundreds of thousands of cars a year and delivering them to dealerships in 90 countries.
Tata Sons, the holding company of the Tata group, and Tata Steel, together raised Rs 348.63 crore by selling 78 lakh shares in Tata Motors with differential voting rights (DVRs) on 12 and 13 November 2009.
Tata Motors had issued 6.41 crore DVR shares as a part of its plan to raise Rs 4145 crore through a rights issue for repaying the loan taken for funding acquisition of the luxury brands Jaguar and Land Rover. The DVR shares were listed on the stock exchanges in November last year.
Tata Motors on 20 October 2009 said it acquired the remaining 79% stake in Spain's Hispano Carrocera SA. Tata Motors, which had a 21% stake in the Spanish bus and coach maker since 2005, said it acquired the stake exercising its call option through mutual agreement with the other stakeholder Investalia S.A.
Tata Motors is engaged in manufacturing and marketing heavy, medium and light commercial vehicles, utility vehicles and passenger cars.
Promoters have pledged five crore shares representing 10% stake of Tata Motors. Total promoter shareholding in the company is 40.62% (as on 30 September 2009).