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Tata Motors climbs 7% on increase in JLR sales in the US

On month-on-month (MoM) basis, JLR sales rose 19.4 per cent.

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar
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SI Reporter New Delhi
Shares of Tata Motors jumped 7 per cent in the intra-day deals on Wednesday after reports said its flagship arm and UK-based luxury carmaker Jaguar Land Rover sold 12,472 units in the US, an increase of 6.2 per cent YoY against 11,744 units in November 2018. On month-on-month basis, its sales rose 19.4 per cent.

At 02:13 pm, the stock was trading at Rs 169, up 7 per cent on the BSE and was the top gainer on the S&P BSE Sensex. In comparison, the benchmark Sensex was trading 71 points lower at 40,605 levels.

The company's total domestic sales