The stock finally ended 1.2% higher at Rs 337. Around 2 million shares were traded on the BSE today as against the two-week daily average traded volume of 1 million shares.
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Updated at 1456:
Tata Motors has gained 3.5% in spite of a 51% dip in net profit in FY09.
The stock opened 2% up at Rs 339. It touched a low of Rs 331 but soon gained 5% to touch a high of Rs 352. The stock is currently up 3.5% at Rs 345. Over 1.5 million shares have been traded on the counter so far.
The company has informed the BSE through a press release that the net profit decreased 51% to Rs 1,001.26 crore in the year ended March 2009 from Rs 2,028.92 crore in the previous fiscal.
The total income was down 9% at Rs 26,586.76 crore from Ra 29,222.59 crore.
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