Tata Motors surges on strong Jaguar Land Rover US sales

The stock is up 5% at Rs 332 after JLR reported a strong 25% jump in US sales at 7,929 units in February 2016

Shares of Tata Motors have rallied nearly 5% to Rs 332 on the BSE after Jaguar Land Rover (JLR) reported a strong 25% jump in US sales at 7,929 units in February 2016 against 6,327 units a year earlier.

"2016 is seeing a continuation of Jaguar Land Rover sales momentum in the United States with both brands posting increases in the first two months of the year, including a 25% increase for February,” said Joe Eberhardt, President and CEO, Jaguar Land Rover, North America, LLC. CLICK HERE TO READ FULL REPORT.
 

At 10:33 AM, the stock was up 4.4% at Rs 331 on the BSE. A combined 5.09 million shares changed hands on the counter on the BSE and NSE so far.