Tata Motors soars by over 1 percent post block deal
DSIJ Intelligence / 05 Jul 2017
Tata Motors soared by over 1% intraday as 10 lakh shares traded in a block on NSE at Rs 429.45 per share.
On Wednesday’s trading session, Tata Motors soared by over 1% intraday as 10 lakh shares traded in a block on NSE at Rs 429.45 per share.
Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction, on the special 'Block Deal window'.
On Monday, Tata Motors has posted its auto sales data for the month of June 2017. The company’s passenger and commercial vehicles total sales (including exports) in June 2017 were at 40,358 vehicles, lower by 9% over 44,525 vehicles sold in June 2016.
The M&HCV segment witnessed a pick-up in demand and availability because of production ramp up in June. While M&HCV and I&LCV truck segment grew by 1% on the back of good response to the new ultrarange in I&LCV segment.
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