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.

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 (JLR) 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 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

Russian crisis hits India's guar gum exporters hard

Cutting on imports amid Western sanctions and currency depreciation

Why Russia will not sell its gold to solve the rouble crisis

Contrary to market rumours, Russia has only been adding to its gold reserves over the past two months

At what oil price will shale revolution get derailed?

Saudi Arabia, the world's largest oil producer at 10 million barrels a day (mbd), did not yield to the pressure of cash-strapped Iran, Venezuela ...

Today's picks- 22 December 2014

Nifty, Bank Nifty, Jindal Steel, ITC & Tata Motors

Weakening yen hits prawn exports

The prices are down by about 30 per cent since October for exports of Black Tiger shrimps to Japan

Back to Top