Tata Motors Advances Post JLR Sales Data

Tata Motors gained over 2% in the early morning trade on Monday, on the BSE after its British luxury unit Jaguar Land Rover reported 11% rise in sales at 51,591 units in June 2017 over June 2016.

“Retail sales for Jaguar Land Rover reached 51,591 vehicles this month, up 11.0% on June 2016, Retail sales for the first quarter totalled 132,463 vehicles, up 3.5% compared to the same quarter last year,” said Tata Motors in a BSE filing in the post market hours on Friday, on the BSE.

The stock of Tata Motors was trading at Rs 446.50, up by Rs 9.70 or 2.22 as at 1026 hours on Monday, on the BSE. The stock had hit an intraday high of Rs 457.50.

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