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

When would retail investors make money?

Last five years, local investors lost opportunity big time

SAT admits appeal against giving IMFI SRO status

The Financial Planning Supervisory Foundation had moved SAT against the same citing a conflict of interest

Iron ore exports up 2% in FY14; to grow at healthy rate in FY15

SC's order to lift mining restrictions in Goa to boost iron ore exports

Sensex, Nifty retreat from record high levels

Sensex touched its all-time high of 22,875.17 and the broader Nifty kissed 6,861.60 figure for first time

Cardamom up 0.7% on strong demand

Spice for delivery in June gained 0.38%

Back to Top