Tata Motors surges 7% on strong September domestic sales

The stock surged 7% to Rs 428 on BSE in early morning trade, its sharpest intra-day gain since November 8, 2016, when it rose 6.9%.

Tata Motors  surged 7% to Rs 428 on BSE in early morning trade after the company reported a strong 25% increase in domestic sales at 53,965 units in September. The company had sold 43,031 units in September 2016. The stock recorded its sharpest intra-day gain since November 8, 2016, when it rose 6.9% in intra-day trade.

“This is at the back of growing festive demand across segments, increased positive customer sentiments, introduction of new products and strong customer engagement initiatives,” Tata Motors said in a statement.

Tata Motors overall commercial vehicles sales in September 2017, in the domestic