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Tata Motors shares touches over three-month high, returns to 13% on Sensex during intraday trade

Company’s stock continued to increase after the automobile giant reported its earnings for the quarter ended on September 30

SNS | New Delhi | October 29, 2019 1:03 pm

Tata Motors shares touches over three-month high, returns to 13% on Sensex during intraday trade

Established in 1945, Tata Motors is India's largest automobile company with consolidated revenues of USD 34.7 billion in 2012-13. Tata Motors has operations in the UK, South Korea, Thailand, Spain, South Africa and Indonesia. Among them is Jaguar Land Rover, acquired in 2008. (Photo: iStock)

Shares of automobile giant, Tata Motors rose to over a three-month high tracking record high with 16 per cent on Tuesday.

Company’s stock continued to increase after the automobile giant reported its earnings for the quarter ended on September 30, reports stated.

During the intraday trade (1235 hours) the shares of Tata Motors on the National Stock Exchange (NSE) rose as much as 13.57 to Rs 167.75. Earlier, it had touched the benchmark of 16.05 per cent to Rs. 171.40 apiece—a mark last seen on July 17.

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On the Bombay Stock Exchange (BSE), Tata Motors shares were running at 13.38 per cent with Rs 167.75 per share. Earlier in the day, the shares had touched an increase of 15.11 per cent from previous close Rs 147.95.

During the after market hours on Friday, in a regulatory filing, Tata Motors reported a consolidated net loss of Rs. 217 crore in the quarter ended September 30. The results were better than the Street had estimated i.e. Rs. 1,049 crore.

(With input from agencies)

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