Business Standard

Tata Motors rallies for 11th day straight, hits 28-month high; here's why

JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging

Jaguar Land Rover
Premium

ICICI Securities expects Tata Motors to report stable performance in Q3FY21

SI Reporter Mumbai
Shares of Tata Motors extended their winning run to the 11th straight day on Friday after the stock rose 7 per cent to hit a 28-month high of Rs 261.50 on the BSE in an otherwise weak market. The stock was trading at its highest level since September 2018.

The stock, however, pared gains later, and was ruling 5 per cent higher on the BSE after it clarified that the company had no plans to form partnership with US-based Tesla for electric mobility.

"Tata Motors has not taken any decision regarding a strategic partner for its PV business

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in