Tata Motors gains 62% from Feb low on Tata Sons stake buy, improved outlook

Shares of Tata Motors continued its northward journey, rising 7 per cent, to hit a fresh six-month high of Rs 230 on the BSE on expectation of improved outlook. 

The stock was trading at its highest level since October 4, 2018, on the BSE. It has rallied 62 per cent from its February 8, 2019, low of Rs 142 on the BSE, after the company's promoter, Tata Sons bought shares worth over Rs 500 crore in the company through open market. In comparison, the S&P BSE Sensex and S&P BSE Auto index were up 6.5 per cent and 6 per