Tata Motors surges 2% on Aug sales, Daiwa upgrade

Shares also boosted after financial services major, Daiwa upgraded it to 'outperform' from 'hold', raising target price to Rs 271 from Rs 263 , on attractive valuations.

hidden September 03, 2012 12:36:03 IST
Tata Motors surges 2% on Aug sales, Daiwa upgrade

Shares in Tata Motors gained as much as 2.2 percent after August vehicle sales were in line with market expectations while domestic sales growth surprised positively.

Shares also boosted after financial services major, Daiwa upgraded it to 'outperform' from 'hold', raising target price to Rs 271 from Rs 263 , on attractive valuations.

Tata Motors surges 2 on Aug sales Daiwa upgrade

Reuters

"JLR's new product launches should offset a moderating demand environment in the premium-car segment," Daiwa said in a note.

At 10:32 am, shares were up 0.8 percent at Rs 236.30.

Reuters

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