Tata Motors gains as JLR to double the size of its engine manufacturing plant

The announcement was made after market hours on Tuesday, 24 November 2015.

Meanwhile, the S&P BSE Sensex was up 69.04 points or 0.27% at 25,844.78.

On BSE, so far 17,000 shares were traded in the counter as against average daily volume of 16.41 lakh shares in the past one quarter.

The stock hit a high of Rs 407.50 and a low of Rs 403.60 so far during the day. The stock had hit a record high of Rs 605.57 on 3 February 2015. The stock had hit a 52-week low of Rs 279.15 on 29 September 2015.

The stock had outperformed the market over the past one month till 24 November 2015, rising 4.73% compared with Sensex's 6.17% fall. The scrip had also outperformed the market in past one quarter, surging 29.5% as against Sensex's 0.13% rise.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Jaguar Land Rover's (JLR) engine manufacturing centre (EMC) in the UK supplies engines to the three vehicle plants of JLR located in the UK. JLR said that the decision to expand the size of the EMC was driven by global demand for current and future car models of JLR.

On consolidated basis, Tata Motors reported net loss of Rs 429.76 crore in Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Net sales rose 1.1% to Rs 60853.03 crore in Q2 September 2015 over Q2 September 2014.

Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.

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