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Tata Motors enters Rs 1,00,000 crore club

Improving JLR sales and positive outlook in China led to a surge in share prices

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Reuters
Last Updated : Jan 29 2013 | 2:34 PM IST

Tata Motors market cap crossed the Rs 1 lakh crore mark, joining what is now a 14-member club that also includes Reliance Industries, ONGC and Tata Consultancy Services.

Tata Motors shares have hit a record high this year after surging 4.7% as of Wednesday's close, adding to its 75% gain in 2012.

Signs of improving sales at its unlisted unit Jaguar Land Rover and the improving economic outlook in its key China market have bolstered the auto maker's shares, analysts said.

The Rs one lakh crore market cap includes differential voting rights and common shares.

Tata Motors shares are up 1.8 percent as of 2:42 p.m.

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First Published: Jan 10 2013 | 2:56 PM IST

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