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Shares of Tata Motors hit 1-month high. The stock climbed as much as 3.6 per cent to Rs 368.3, its highest since March 5.
The automaker shares continued to gain for fourth straight session; potential gains were seen for the company from US-China trade war.
China's plan to impose 25 per cent tariffs, including on automobiles imported from the United States, can be beneficial for Tata Motors’ Jaguar Land Rover unit, according to Nomura.
IT has rated the stock at 'buy' with a price target of Rs 526. The stock had fallen 24 per cent in the past one year up to Wednesday.
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