Tata Motors hits Jan 2018 high; soars 39% in a month on strong outlook

Despite the impact of the semiconductor shortage on production and sales, JLR continues to see strong demand for its products with global retail orders at record levels in excess of 125,000 vehicles

Shares of Tata Motors hit an over three-year high of Rs 415.30 as they rallied 8.5 per cent on the BSE in Monday’s intra-day trade, continuing their journey northward on the back of a strong growth outlook. The stock of the Tata Group commercial vehicles maker was trading at its highest level since January 2018. In the past one month, the market price of Tata Motors has soared 39 per cent, as compared to a 3.5 per cent rise in the S&P BSE Sensex.

At 10:52 am, Tata Motors was trading 7.7 per cent higher at Rs 412.50, against