Tata Motors Up By Close To 5%


Tata Motors Limited opened at Rs 469 per share higher by Rs 18.9 per share or 4.2% on BSE in the Wednesday’s trading session. The stock is trading higher by close to 5% at Rs 471.3 per share as of 0917 hours.

The stock is performing in line with the street expectations in the morning hours on Wednesday. Tata Motors ADR had closed higher by 5.47% at USD 36.81 in the Tuesday’s trading session.

As of 0920 hours, the trading volume of the stock stood at 61,97,460 shares and traded value stood at Rs 291.16 Cr.

Tata Motors's Q4FY17 consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 6.8 % lower than the estimated figure of Rs. 82866 crore.

EBITDA for the quarter came in 69.6 % higher than the estimated figure of Rs. 9853 crore. And lastly, net profit for the quarter came in 25.6 % higher than the estimated figure of Rs. 3502 crore.

On NSE, Nifty Auto index is trading higher by 0.88% at 10472 levels. The Tata Motors stock is the top gainer in the index.

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