Tata Motors shares surge by 8.5%

One of India’s largest automakers, Tata Motors (Tata Motors) is seeing a strong growth of 8.5%.

Actually, it was reported recently that Tata Motors is considering lowering stake in its UK-based subsidiary Jaguar Land Rover. On this news, BSE had sought clarification from the company. In his reply, Tata Motors has said about the news of the stake sale in Jaguar Land Rover that there is no truth in these rumors. 

Tata Motors’s February sales fell 3% on year-on-year basis. In January 2018, the company sold 57,221 units in the same period in 2019 compared to 58,993 units.

In the domestic market, the sale of commercial vehicles in the domestic market increased by 2% to 18,110 units from 17,771 units, while passenger vehicles sales went down 5% to 39,111 units compared to 41,222 units. In addition, Tata Motors’s exports dropped by 39% to 2,930 units.

Tata Motors’ share in BSE opened at Rs 183.95 with strength today compared to the previous closed level of 180.10. Its upper level in the business so far is Rs. 198.00. At around 11.20 pm, the shares of the company are trading at Rs. 195.40 with a rise of Rs. 15.30 or 8.50%.

In the last 52 weeks, the company has a higher level of Rs 372.40 and lower level of Rs 141.9

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