Published on 11/07/2017 1:22:32 PM | Source: Dion Global Solutions Ltd.

Tata Motors extends rally on JLR sales, scrip up 3%

Posted in Stock On The Move| #Tata Motors Ltd. #Auto Sector #Stock On The Move

Shares of Tata Motors continued gaining momentum on Tuesday and rose over 3 per cent on the Bombay stock Exchange after its UK arm Jaguar Land Rover reported 11 per cent year-on-year growth in sales at 51,591 units in June 2017. Extending previous session rally, shares of the auto major gained as much as 3.49 per cent to hit intra-day high of Rs 462.25 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 461.50 against previous close price of Rs 446.75. In a similar fashion, shares of the company were trading 3.30 per cent higher at Rs 461.70 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,867.64, up by 152 points, or 0.48 per cent, at 12:55 hours.