New Document top_band
 
Business Standard

Tata Motors extends gain, surges 10% in one week

The stock has outperformed the market by surging 10% in past one week compared to about 4% gain in auto sector index.

Read more on:    Auto | Jlr | Tata Motos
Related News

Tata Motors is trading higher by 2% at Rs 304, extending its past four days gain after the company's UK subsidiary Jaguar Land Rover () reported a stronger-than-expected November sales.

The stock has outperformed the market by surging 10% in past one week compared to about 4% gain in sector index. The benchmark Sensex rose less than 1% during the same period.

“Tata Motors reported global wholesale sales of 102,337 vehicles in November 2012, against 108,028 numbers in previous year. Global sales of JLR however, up 19% at 34,649 vehicles in November over the previous year,” according to the press release.

Analyst at Anand Rathi Research have recommended BUY on the stock as the company expects more sales of Jaguar on the introduction of the XF and XJ models for 2013, including all-wheel drives and new engine options in all markets at the year end.

The stock opened at Rs 300 and hit a high of Rs 305 on the NSE. A combined 4.04 million shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

Indian setback helping global iron ore miners

India, very rich in iron ore, is becoming a major importer of the steel-making ingredient

Jute sector faces threat of ban on government quota

Certain jute mills are saddled with allegations of cheap but illegal imports of jute bags from Nepal and Bangladesh for profiteering

Today's picks

Nifty, Bank Nifty, HCL Tech, Coal India & Tata Steel

Markets fall to 1-week closing low

The BSE Sensex and Nifty fell on Monday to their lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank for a ...

Centre reduces insurance premium on cotton crop to 6%

The new premium is applicable to all cotton-growing farmers across the country with immediate effect

Back to Top