Tata Motors surges nearly 2% on robust JLR sales in FY14
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Shares of Tata Motors rose nearly 2 per cent in early trade on Bombay Stock Exchange (BSE) after Jaguar and Land Rover (JLR), its British-based arm, registered a 2.7 per cent year-on-year (yoy) growth in retail sales in March 2014; primarily due to sluggish off-take in old model.
The shares of company rose as much as 1.76 per cent to trade at Rs 237.70 a piece on the BSE. In a similar fashion, shares of the company rose 1.60 per cent to Rs 237.55 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 22,571.64, down 143.69 points or 0.63 per cent at 11:10 hours.