Tata Motors nears 52-week high, stock surges over 5%
The stock has surged 13% in past one week after JLR recorded USA retail sales of 6,661 units in August - the best month since 2005.
Tata Motors has surged nearly 6% to Rs 335, extending its 7% rally in past three trading sessions on BSE, after the company's UK arm Jaguar Land Rover (JLR) recorded USA retail sales of 6,661 units in August - the best month since 2005.
Meanwhile, yesterday, the company has announced its partnership with DRB-HICOM, Malaysia’s biggest conglomerate, for the import, distribution and assembly of the company’s commercial vehicles in Malaysia, the PTI report suggests.
The stock opened at Rs 320 and has seen a combined around 2.6 million shares have change hands on the counter till 0956 hours on BSE and NSE. The stock hit 52-week high of Rs 337 in January this year.
Meanwhile, yesterday, the company has announced its partnership with DRB-HICOM, Malaysia’s biggest conglomerate, for the import, distribution and assembly of the company’s commercial vehicles in Malaysia, the PTI report suggests.
The stock opened at Rs 320 and has seen a combined around 2.6 million shares have change hands on the counter till 0956 hours on BSE and NSE. The stock hit 52-week high of Rs 337 in January this year.
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First Published: Sep 10 2013 | 9:57 AM IST