Business Standard

Tata Motors extends gains, hits seven-month high

The stock has rallied almost 7% in past two trading sessions compared to 1% fall in benchmark Sensex post JLR November sales numbers

Related News

Tata Motors is trading higher by 2.1% at Rs 294, its highest level since May, in otherwise subdued market on the Bombay Stock Exchange. The stock opened at Rs 287 and has seen a combined 5.18 million shares changing hands on the counter so far on both the exchanges.

The stock of the country's largest automobile manufacturer has rallied almost 7% in past two trading sessions compared to around 1% fall in benchmark Sensex after Tata Motors-owned Jaguar Land Rover (JLR) said its global sales in November increased by 14% to 29,893 units.
 
According to analyst at Motilal Oswal Securities, has multiple levers to improve its sustainable margins over the next 2-3 years.

Meanwhile, the Board of Directors of on Thursday announced the appointment of Cyrus P Mistry as the Chairman of the Board with effect from December 28, 2012, on the retirement of Ratan N Tata, the company said in a statement.

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

Bullish bets on India at a high: Report

Investors more overweight on India compared to other emerging markets says Bank of America Merrill Lynch

HDFC Bank net up 20%, a tad short of expectations

Yet, operationally, a good quarter, with a pick-up in retail loan growth, steady margins, asset pressure under control

Oberoi Realty extends gain post Q2 results

The stock rallied 5% to Rs 230, extending in past two day's 5% gain, on reporting 30% yoy growth in operating profit.

SMC Global files fresh papers with Sebi for its public issue

Regulator's earlier approval, which was valid for one year, has lapsed

Weakness in heavyweights drag markets lower; Nifty at 7,890

ONGC, ITC, Infosys and HDFC among the top losers of the hour

Back to Top