Tata Motors climbs 4%, hits 52-week high on improved earnings outlook

The stock has rallied 47 per cent in the past three months and 89 per cent in the last six months

Shares of Tata Motors hit a 52-week high of Rs 205.20, up 4 per cent, on the BSE in Monday's session, surpassing its previous high of Rs 201.80, touched on January 15, 2020.

The stock of the Tata group commercial vehicles company outperformed the market on the expectation of improved earnings. In the past three months, Tata Motors stock has rallied 47 per cent as against a 21 per cent rise in the S&P BSE Sensex, while in the last six months, it has added 89 per cent as compared to a 34 per cent gain in the benchmark