TATA MOTORS TRADED UP BY 4.48% OR 13.65 POINTS AT Rs.318.15.

Tata Motors was trading higher by 13.65 points or 4.48% at Rs.318.15 which was opened at Rs.308.50 as against the previous close of Rs.304.50.It touched intraday high of Rs.320.90 and low of 308.50.The stock has risen over 85 percent in the last 3 months but has lost steam owing to a fall in revenue in its JLR business.

Tata Motors on launched the all-new Tata Safari after the SUV garnered a lot of attention since it is bringing back an iconic nameplate to the market.

The company reported a 67 percent year-on-year (YoY) growth in consolidated profit at Rs 2,906.45 crore for the quarter ended December 2020 driven by robust volumes, improved product mix and cost-saving measures.

The company has set high hopes on sport- utility vehicle to sustain the sales growth of its domestic passenger vehicle business.