 "Tata Motors zooms 7 percent on Evoque sales")
Mumbai: EVogue took Tata Motors to an all time high today as the shares surged by over 7 percent in morning trade, a day after the company reported 40.5 percent jump in consolidated net profit for the quarter ended December, 2011.
After a firm opening, shares of the company rose by 7.26 percent to touch a one-year high of Rs 287.35 on the BSE. Similarly, on the NSE, the stock jumped 7.24 per cent to Rs 287.35.
[caption id=“attachment_213935” align=“alignleft” width=“380” caption=“Tata Motors reported 40.5 percent jump in consolidated net profit for the quarter ended December, 2011.”]
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The stock was the best performer among the blue-chip scrips on both BSE and NSE during the morning trade. Tata Motors yesterday reported 40.5 per cent jump in consolidated net profit to Rs 3,405 crore for the quarter ended December, 2011 on the back of better performance by British division Jaguar Land Rover.
The rally in Tata Motors scrip was in tandem with the bullish broader market, where the BSE barometer Sensex was trading at 18,111.99, up 263.42 points at 1045 hrs.
PTI