Tata Motors settles with gains of 3%; M-cap rises by Rs 3,566 cr

Shares of Tata Motors today defied the broader market trend and ended the day with gains of more than 3 per cent, following which the market capitalisation of the company improved by Rs 3,565.87 crore.

Shares of the company opened at Rs 349.85 and touched an intra-day high of Rs 363.45, up 5.85 per cent over the previous closing price.

At the end of today's trading session, the stock was quoted at Rs 355.70 apiece, up 3.60 per cent.

Following the uptick in the counter, the market capitalisation of the company rose by Rs 3,565.87 crore to Rs 1,02,702.99 crore.

On the NSE, the stock opened at Rs 346.80 apiece and jumped to a high of Rs 362.90 intra-day. Its shares ended the day at Rs 354.80, higher by 3.41 per cent.

The company's new products such as the fifth-generation all-new Land Rover Discovery and the New Range Rover Velar have been received very well in the market.

Besides, other models like Jaguar XE, XF and F-PACE and Land Rover Discovery Sport and Range Rover Evoque have also done well during the year, said Jaguar Land Rover India President & Managing Director Rohit Suri.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel