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Commercial vehicles makers gain as outlay under JNNURM doubles

Tata Motors moved up by 2.58% to Rs 293.40, while Ashok Leyland jumped 2.15% to Rs 23.25

Press Trust of India Mumbai
Shares of commercial vehicle makers today rose by as much as 2.6% after Finance Minister P Chidambaram proposed to allocate Rs 14,873 crore for JNNURM for urban transportation in 2013-14.

Tata Motors moved up by 2.58% to Rs 293.40, while Ashok Leyland jumped 2.15% to Rs 23.25 on the BSE.

Among other auto stocks, Hero MotoCorp was trading 0.65% higher, while Bajaj Auto was up 0.27%.

The Finance Minister proposed to allocate Rs 14,873 crore for Jawaharlal Nehru National Urban Renewal Mission (JNNURM) for urban transportation in 2013-14, against Rs 7,880 crore in the current fiscal.

In the stock market, the BSE benchmark 30-share index Sensex was trading at 19,173.06, up 20.65 points at 1212 hrs. 

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First Published: Feb 28 2013 | 1:06 PM IST

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