Life time high for Tata Motors

Life time high for Tata MotorsTata Motors, the auto-giant, has reported a massive 102-fold jump in its consolidated net profit for the quarter ending September 30; this means figures soaring over 6 percent to hit a lifetime high in early trade on the BSE.

After the results were announced, the shares of Tata Motors surged by 6.25 per cent to an all-time peak of Rs 1,350 in the start of the trade on the Bombay Stock Exchange.

From Indianexpress.com:

Yesterday, the company had posted a whopping 102-fold jump in its consolidated net profit at Rs 2,222.99 crore for the quarter ended September 30, against Rs 21.78 crore in the same quarter last year, on account of robust demand across categories.

Witnessing a similar jump on the National Stock Exchange, shares of Tata Motors gained by 6.19 per cent at Rs 1,348 in the morning trade.

Meanwhile, the 30-share benchmark Sensex was trading weak at 20,894.90, down by 37.58 points from previous close.

The recent high seen with Tata Motors is expected to give enough relief to investors who have otherwise been troubled with falling stock prices.

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