Tata Motors continued it upward movement post yesterday's better than expected numbers.
Strong sales at luxury Jaguar Land Rover unit helped Tata Motors third quarter consolidated net profit jump a better-than-expected 40% year-on-year to Rs 3,405.6 crore, even as forex losses and cost pressures hurt domestic business.
Its consolidated EBITDA margin was up 70 bps to 16% in the three-month period.
It touched a 52-week high of Rs 285. At 09:17 hrs the share was quoting at Rs 284.80, up Rs 16.90, or 6.31%.
It was trading with volumes of 383,104 shares. In the previous trading session, the share closed up 3.74% or Rs 9.65 at Rs 267.90.
However, yesterday company's ADR was up 6.39% at USD 27.8.
