Tata Motors rises on loan report

Tata Motors’ scrip rose 6.81 per cent to close the day at Rs 428.25 on reports that the company has secured funds for its premium UK brands, Jaguar Land Rover (JLR), without loan guarantees from the UK government.

The stock opened at Rs 401 and hit an intraday low of Rs 395.6 before touching its day’s high of Rs 433.95. Total traded volumes stood at 31.09 lakh shares.