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Tata Motors up 5% as Co resumes operations across all manufacturing plants

In the last one week till June 2, Tata Motors surged 14.06 per cent as compared to 7.02 per cent gain in the S&P BSE Sensex

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar
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SI Reporter New Delhi
Tata Motors gained 5.12 per cent to Rs 101.45 on the BSE on Wednesday after the auto major said it has resumed operations across all its manufacturing plants in the country.

"The company has restarted operations at all plants with Jamshedpur facility also getting approval on May 27," Tata Motors said in a regulatory filing yesterday.

"Around 59 per cent of company's passenger vehicle showrooms, covering 69 per cent of the retail market, have commenced operations. From supply side, 90 per cent of suppliers in commercial vehicle segment have received permissions to commence. Of the lot, only 60 per cent have been