Tata Motors jumps 51% in Jan on Tesla tie-up buzz; firm denies rumour

In the past seven trading days, the stock has rallied 26 per cent on report that Tesla may choose Tata Motors for its much-awaited India foray

Shares of Tata Motors continued their northward march, with the stock hitting its fresh 28-month high of Rs 278, up 7 per cent on the BSE in the intra-day trade on Wednesday. The rally was supported by massive volume-based buying.

At 02:58 pm, Tata Motors was trading 6 per cent higher at Rs 275 on the BSE, as against a 0.91 per cent rise in the S&P BSE Sensex. A combined 199 million equity shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.

The stock of the