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

Raising the output key to Cairn India's prospects

With crude oil prices benign, increasing oil and gas production is crucial to drive growth

Biocon sees muted quarter, lacks immediate triggers

Reduced exports to West Asia & North Africa, capacity constraints affect sales

Exchanges plan stake sales in depository arms

NSE in talks with investors for offloading stake, BSE considering an IPO; to do so before April

Many listed firms had same auditors for over 10 yrs: IIAS

Proxy advisory body Institutional Investor Advisory Services India (IIAS) has called for periodic rotation of auditors and capping their tenure ...

Freeing diesel : Profound effect across many industries

The decontrol of diesel over the weekend will have a profound effect on the oil industry value chain. It could significantly reduce the fiscal ...

Back to Top