Tata Motors extends gains into eighth day post JLR Q3 retail sales numbers

JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging with sales there growing on both a year-on-year and quarter-on-quarter

Shares of Tata Motors hit a fresh 52-week high of Rs 249.50, up 13.35 per cent on the BSE on Tuesday, extending its Monday's 11 per cent rally, after the company's subidiary Jaguar Land Rover (JLR) posted second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19.

The stock of Tata group commercial vehicles company was trading higher for the eighth straight day and has rallied 25 per cent during the period.

JLR on Monday released its 2020 sales figures, which reflect a considerable hit as a result of the Covid-19 pandemic, but the company highlighted signs of