Tata Motors shares hit near two-year high on Jan sales, Budget infra push

Close 15% up at Rs 322.5, the highest since May 2018

Shares of Tata Motors rose sharply by 15.21 per cent to touch Rs 322.30 apiece on Tuesday — the highest since May 2018 — in light of positive developments like robust sales volumes in January and an emphasis on infrastructure in the Budget.

It was also aided by the strong operational performance of the consolidated enti­ty, including Jaguar Land Rover. The Tata Group flagship’s total commercial vehi­cles (CV) sales in the domestic market dropped 2 per cent to 30,764 units, compared with 31,348 units a year ago. However, medium and heavy commercial vehicles (MH­CVs), its cash cow, rose to 8,416 units,