| The stock gained over 1 per cent in a subdued market in the morning trades on reports that the company has obtained licence to manufacture defence hardware, vehicles from the government. |
| The stock touched an intra-day high of Rs 407 before closing at Rs 390.70. The counter witnessed volumes of over 26.8 lakh shares at the BSE. |
| The counter has recovered some of its lost ground in the last few days on bargain hunting at lower levels. From a low of Rs 366.55, the stock has now gained 8.33 per cent to Monday's close of Rs 360.75. |
| As per reports, Tata Motors has won a licence from the government to manufacture defence-related vehicles such as troop carriers, light armoured multi-role vehicles, special attack surveillance vehicles and high mobility vehicles. |
| The permit would also mean that Tata Motors can export such vehicles to friendly countries. |
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