Tata Motors regains lost ground; settles in green

Tata Motors regains lost ground; settles in green Mumbai: Shares of Tata Motors Monday recouped the losses suffered earlier in the day and settled the day with gains of nearly one percent in a highly volatile trade.

During the day the shares of Tata Motors fell more than two percent on the bourses as its global sales, including that of Jaguar Land Rover, in May was below market expectations.

At the end of Monday's trading session, the scrip was trading at Rs 299.55, up 0.89 percent on the BSE on bargain hunting by investors amid high volatility.

Tata Motors had yesterday said that its global sales, including Jaguar Land Rover, in May stood at 81,783 units.

While sales of luxury sedans of Jaguar brand stood at 7,061 units, Land Rover sales were at 24,149 units during the month.

Marketmen said the slump in the counter was largely a knee jerk reaction to the May sales numbers but the counter regained the lost ground on bargain hunting by investors amid high volatility. Moreover, positive sentiments in the broader market also helped the stock.

Meanwhile, the 30-share benchmark index Sensex settled for the day with gains of 147.94 points at 19,325.87.

PTI