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

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