Tata Motors up on Nano announcement

Tata Motors shares rose 7.26 per cent to Rs 150, on reports that Nano would be launched on March 23, 2009 at an event to be held in Mumbai. However, the bookings are expected to start in the second week of April.

This is a delay of more than six months from the earlier launch date in October, 2008, as it had to relocate its production plans to Sanand (Gujarat) from Singur . The stock made an intraday high of Rs 151.7 and a low of Rs 138.6 with trading volumes of 21.76 lakh shares (about three times higher of its two-week average activity).