Tata Motors steps on the accelerator, JLR adds pace

Recovery led by new launches at JLR, revised hedging policy, and margin gains

Tata Motors has gained about 13 per cent over the past 10 trading sessions on better earnings growth prospects and on reports that the promoters are increasing their stake in the company. 

Currently, promoter group companies together have a 34 per cent share in Tata Motors, of which Tata Sons alone holds 31 per cent. Analysts at Bank of America-Merrill Lynch and Motilal Oswal Securities say the second half of financial year 2017-18 (FY18) would be better aided by new launches and changes to the hedging policy.

The maker of Jaguar and Range Rover cars is expected to grow faster