Stocks

Tata Motors jumps ahead of Q3 results

| Updated on: Feb 11, 2011

Tata Motors went up by nearly 3 per cent in the early trade on the Bombay Stock Exchange today on hopes of robust third quarter numbers, to be announced later in the day.

The scrip rose 2.91 per cent to touch an early peak of Rs 1,135 on the BSE. Similarly, the stock surged by 2.94 per cent to a high of Rs 1,134.95 on the National Stock Exchange.

In terms of volume, over 9 lakh shares were traded on both the bourses within the first half-an-hour of trade.

Later, the scrip was trading 1.44 per cent higher at Rs 1,118.80 on the BSE and 0.95 per cent up at Rs 1,113 on the NSE.

Market players expect that Tata Motors will report good December quarter earnings.

Barring Bajaj Auto, good buying was seen in all the other frontline auto stocks on the bourses today, including Hero Honda, Maruti Suzuki and Mahindra & Mahindra.

Hero Honda was trading 1.18 per cent higher, while Maruti Suzuki gained 1.18 per cent and M&M rose 0.33 per cent.

Published on February 11, 2011

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