Tata Motors gains 13 per cent today post JLR Q3 retail sales numbers

Published On: Tuesday, January 12, 2021 | By: Team KnowMyStock

Shares of Tata Motors hit a fresh 52-week high of Rs 249.50, up 13.35 per cent on the BSE on Tuesday, amid buzz over the partnership with Tesla and encouraging sales numbers from Jaguar Land Rover (JLR) for the third quarter. The stock of Tata group commercial vehicles company was trading higher for the eighth straight day and has rallied 25 per cent during the period.The market cap of the firm rose to Rs 74,784 crore. Tata Motors, in a release, said JLR’s retail sales for the quarter ending December 2020 were 128,469 vehicles, 13.1 per higher than the 113,569 vehicles sold in the preceding quarter, but down 9 per cent on the same period last year. China sales were particularly encouraging, up 20.2 per cent on the prior quarter and 19.1 per cent year-on-year (YoY)," JLR said in a media statement. The global research firm has retained a buy rating with the target at Rs 270 per share

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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