Tata Motors rises by 2% on price hike hopes

Posted By: Religare
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Tata Motors rises by 2% on price hike hopes
Shares of Tata Motors rose by 2 per cent in early trade on Bombay Stock Exchange (BSE) on media reports of price hike in April. The PTI report suggests quoting a Tata Motors spokesperson, "Tata Motors is mulling increasing prices of its commercial vehicles portfolio by about 1 per cent, primarily due to high input costs and continued inflationary pressures,"

The shares of company rose as much as 2 per cent to trade at Rs 398.40 a piece on the BSE.

In a similar fashion, shares of the company rose 2.02 per cent to Rs 398.75 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 22,129.32, up 74.11 points or 0.34 per cent at 10:37 hours.

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