Tata Motors hits 6-month high; rises 25% in two weeks

The stock rose 3 per cent to Rs 212, its highest level since October 10, 2018 on the BSE, on the expectation of margin expansion, owing to improvement in Jaguar Land Rover businesses.

Shares of Tata Motors hit a six-month high of Rs 212, up 3 per cent, on Wednesday in an otherwise subdued market on the expectation of margin expansion due to an improvement in Jaguar Land Rover (JLR’s) businesses.

The stock of Tata group Company was trading at its highest level since October 10, 2018 on the BSE. In the past three weeks, Tata Motors rallied 25 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex.

On March 29, Tata Motor’s wholly-owned subsidiary JLR said it expects improved financial results for the quarter