| The stock hit a high of Rs 419.65, before closing at Rs 411.55, on the back of a strong volume of more than 21.37 lakh shares on the BSE. |
| Analysts said the stock has been on the limelight prior to its ADR listing on August 27 after which it can be benchmarked with the ADR closing price. |
| From Rs 388.85 on September 16, 2004, the scrip has gained 5.9 per cent to Friday's close of Rs 411.55. |
| Tata Motors' ADR listing would be by way of the conversion of its outstanding GDRs into ADRs, similar to what telecom major Mahanagar Telephone Nigam did a few years back. Therefore, there will be no fresh issue of funds. |
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