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Bargain Buying Lifts Tata Motors Ltd By More Than 7%

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Capital Market

Tata Motors Ltd is quoting at Rs 193.25, up 7.18% on the day as on 12:49 IST on the NSE. The stock is down 44.23% in last one year as compared to a 6.51% spurt in NIFTY and a 20.42% spurt in the Nifty Auto index.

Tata Motors Ltd is up for a third straight session in a row. The stock is quoting at Rs 193.25, up 7.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 10916.95. The Sensex is at 36213.3, up 0.41%. Tata Motors Ltd has risen around 8.26% in last one month.

 

Meanwhile, Nifty Auto index of which Tata Motors Ltd is a constituent, has risen around 0.52% in last one month and is currently quoting at 8413.65, up 2.35% on the day. The volume in the stock stood at 447.29 lakh shares today, compared to the daily average of 219.62 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 194.5, up 7.34% on the day. Tata Motors Ltd is down 44.23% in last one year as compared to a 6.51% spurt in NIFTY and a 20.42% spurt in the Nifty Auto index.

The PE of the stock is 21.34 based on TTM earnings ending December 18.

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First Published: Mar 05 2019 | 1:05 PM IST

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