Tata Motors hits life-time high on smart Q2 nos

Tata Motors today soared over six per cent to hit a life-time high in the early trade on BSE, after the auto-giant yesterday reported a massive 102-fold jump in its consolidated net profit for the quarter ended September 30.

Boosted by the robust second quarter numbers, shares of Tata Motors surged by 6.25 per cent to an all-time peak of Rs 1,350 in the start of the trade on the Bombay Stock Exchange, becoming the biggest gainer on the benchmark Sensex.

Yesterday, the company had posted a whopping 102-fold jump in its consolidated net profit at Rs 2,222.99 crore for the quarter ended September 30, against Rs 21.78 crore in the same quarter last year, on account of robust demand across categories.

Witnessing a similar jump on the National Stock Exchange, shares of Tata Motors gained by 6.19 per cent at Rs 1,348 in the morning trade.

Meanwhile, the 30-share benchmark Sensex was trading weak at 20,894.90, down by 37.58 points from previous close.