The stock surged further to touch a high of Rs 563 - up 6.2% from the day's low. However it pared most of its gains and ended with a 1.5% gain at Rs 548. The counter clocked volumes of 2.54 million shares on the BSE.
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(Updated at 0957 hrs)
Tata Motors has moved up in opening trades on the back of 110% zoom in Q2 net and robust sales.
The stock opened at Rs 530 and jumped to a high of Rs 555. The scrip is now at Rs 548, up around 2% from the previous close. The counter has witnessed trades of 120,460 shares in the first five minutes of trades.
Tata Motors India's biggest vehicle maker registered a standalone net profit of Rs 729 crore, up by 110% boosted by a robust growth in receivables in vehicle sales during the second quarter ended September 30.
A profit of Rs 347 crore was recorded during the same quarter a year ago