New Document top_band
 
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

Read more on:    Auto | Jlr | Tata Motors
Related News

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 () said its global sales in November increased by 14% to 29,893 units.
 
According to analyst at Motilal Oswal Securities, JLR has multiple levers to improve its sustainable margins over the next 2-3 years.

Meanwhile, the Board of Directors of Tata Motors 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

FIIs may still buy around $135 billion of stocks in Nifty: UBS

Says markets may consolidate after the run up but significant downside may be limited

PSU divestment hopefuls outperform markets

Stocks like BEML have risen as much as 300% in the past one year

Palm oil up 0.4% on rising demand

Oil for delivery in July edged up by 0.26%

Silver up 0.5% in futures trade

Metal for delivery in far-month December traded higher by 0.29%

Mentha oil falls 0.58% on profit-booking

Oil for delivery in the August traded lower by 0.48%

Back to Top