TATA Motors share price rally on strong domestic sales numbers

The Markets Today in a nutshell

• Domestic stock market ended on a positive note.
• Strong domestic economic data boosted sentiment. GST collections rose 15% YoY to Rs 1.5 lakh crore and manufacturing activity hit a 2-year high of 57.8 in December. Metal, media and realty shares advanced. On the other hand, consumer durables and healthcare shares were under pressure.

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? TATA Motors share price rally on strong domestic sales numbers
TATA Motors reported a 10 percent increase in total domestic sales at 72,997 units in December 2022. The company had sold 66,307 units in the same month the previous year, Tata Motors said in a statement. Passenger vehicle sales in the domestic market stood at 40,043 units last month as against 35,299 units in December 2021, a growth of 13.4 percent.

? NMDC stock price remained buoyant on demand prospects from China
The stock remained buoyant on demand prospects from China, price hikes and the demerger of its steel business. The counter was also in focus as Life Insurance Corporation of India pared its stake in the company by 2.07 percent through open market transactions. NMDC reported iron ore production in November at 3.61 million tonnes and sales at 3.04 MT, 8 percent and 5.5 percent higher compared with the same period last year.

? CARE Ratings upgrade credit rating of Hindustan Construction Company
CARE Ratings revised the ratings of bank facilities of the firm from CARE D (Single D) to CARE B+ with a stable outlook.

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Numbers? that matter