Tata Motors shares jumped as much as 2 % on Wednesday Sep 07,2016 to hit a fresh 52-week high of Rs. 598.40 after the automaker bagged orders for over 5,000 buses from 25 state/city transport undertakings across the country.
With today's gains Tata Motors shares have rallied nearly 19 % in last eight trading sessions, following its better-than-estimated revenues for the April-June 2016 quarter.
Tata Motors also reported strong JLR sales in August 2016
On the domestic side, sales of Tata Motors passenger vehicles rose 16 % year-on-year, though commercial vehicle sales edged lower.
Analysts say that Tata Motors' domestic sales in the second half of the year could be much better than the first half
Tata Motors said this order was more than 80 % higher compared to last year's order.
x
No comments:
Post a Comment