Tata Motors shares jump nearly 7% on strong JLR Oct sales

Shares of Tata Motors surged nearly 7 per cent today after the company-owned Jaguar Land Rover (JLR) reported 11 per cent increase in October retail sales.
The stock soared 6.49 per cent to end at Rs 540.20 on BSE. Intra-day, it advanced by 6.88 per cent to Rs 542.25.
On NSE, it rose by 6.68 per cent to end at Rs 540.20.
In terms of volume, 11.95 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.
The stock was the top performer among the bluechips on both Sensex and Nifty.

Tata Motors-owned Jaguar Land Rover (JLR) yesterday reported 11 per cent increase in October retail sales of 46,325 units.
The month's performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF and the introduction of the Jaguar F-PACE, as well as strong year-on-year sales growth in China and Europe, JLR said in a statement.