Tata Motors Shares Surge 6% On Boris Johnson's UK Win

Shares of Tata Motors in intra-day trade on Friday rallied by as much as 6% after Boris Johnson's victory in the UK elections.

His triumph with a huge mandate is seen as a positive support for the auto major as 20% of the company's JLR revenues come from the UK.

Also, Tata Sons upped its stake in the company from 35.3% to 39.52%. The overall promoter stake in the company now stands at 42.39% from the earlier 38.37%

This is the third-consecutive trading session of gains for the stock

Last, the stock quoted higher by Rs. 177.10, up Rs. 3.75 or 2.16% on the BSE.

GoodReturns.in