Tata Motors climbs 6% after falling 12% in nine days

Shares of Tata Motors climbed 6 per cent to Rs 187 on the BSE on Wednesday on the back of heavy volumes after Edelweiss Securities upgraded the stock to ‘Buy’. It also revised sum-of-the-parts or SOTP-based target price to Rs 245 from earlier Rs 140 per share.

The counter has seen huge trading volumes with a combined 44 million equity shares changing hands on the NSE and BSE till 02:00 pm. In comparison, the S&P BSE Sensex was up 0.82 per cent at 41,304 points.

Tata Motors had underperformed the market by falling 12 per cent from its