Tata Motors shares up nearly 4% on smart JLR sales
Mumbai: Shares of Tata Motors on Friday rose by nearly 4 percent on the back of 17 percent increase in global sales of its premium brands Jaguar Land Rover for September this year.
During the day, the stock rose by 4.77 percent to 52-week high of Rs 389.50. It closed at Rs 385.15, up 3.60 percent on the BSE.
At the National Stock Exchange, the scrip closed at Rs 384.40, up 3.43 percent.
In terms of volume, 19.86 lakh shares of the company changed hands on the BSE, while over one crore shares were traded on the NSE.
Tata Motors-owned Jaguar Land Rover yesterday reported 17 percent increase in global sales in September this year at 43,181 units.
September sales were strong for Jaguar Land Rover in the China Region, up 46 per cent, North America up 6 percent, the UK up 11 percent, Asia Pacific up 29 percent and other overseas markets, higher 15 percent, the company had said yesterday.
In September, Jaguar sold 8,462 units, up 35 percent reflecting strong demand for all XF derivatives, JLR said, adding Land Rover sold 34,719 units, up 13 percent.