Tata Motors rose 0.26% to Rs 577 at 9:25 IST on BSE after the company announced a Voluntary Retirement Scheme for the workmen.
The company made announcement after market hours yesterday, 27 February 2015.
Meanwhile, the S&P BSE Sensex was up 216.13 points or 0.74% at 29,411.65.
On BSE, so far 15,901 shares were traded in the counter as against average daily volume of 4.17 lakh shares in the past one quarter.
The stock of a commercial vehicle maker hit a high of Rs 579.45 and a low of Rs 574.20 so far during the day. The stock had hit a record high of Rs 612.05 on 3 February 2015. The stock had hit a 52-week low of Rs 379.15 on 20 March 2014.
Tata Motors announced a Voluntary Retirement Scheme for the workmen. The company said its new people initiatives are designed to enhance the company's competitiveness at a time when the business environment and macro-economic pressures have resulted in depressed growth of the commercial vehicle and passenger car businesses in India.
Tata Motor's consolidated net profit fell 25.5% to Rs 3580.72 crore on 9.7% rise in total income to Rs 70195.23 crore in Q3 December 2014 over Q3 December 2013.
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