

The stocks in automobile companies are picking up momentum during the mid-session market, as part of the market rise. Nifty Auto Index rose more than 1% to hit the index at 7,471.80.

Tata Motors shares were trading on the upper level on the NSE & BSE today. Shares of the company started trading at Rs.122 today on the NSE. It was reported that JaguarLandRover (JLR), the largest subsidiary of Tata Motors, has a good market in China and the United States.

Market participants are on the lookout of buying to buy Tata Motors shares in the hope of further pick-up JLR’s sales in India and overseas countries with the recent trade agreement between India and China. For hni stock future tips visit our website.

As per the analyst point of view, the latest rally in JLR’s sales in China has seen a strong recovery and the company’s cost-control initiatives, together with further hopes on the company’s earnings in the commercial vehicle biz in India, are likely to make good earnings.

As a result, the shares Tata Motors rose upto 6 percent intraday of Rs. 129.00, during mid-session. As at 1.15pm, the share price quoted at Rs.128.60 up 6.02% (Rs.7.30) comparing to the previous closing price. In Comparison, the NSE Nifty-50 index recorded at 11,363.30 with Tata Motors at the top among the major gainers. Get free hni tips from our experts.

Tata Motor’s traded Volume of shares recorded at 4,24,83,197 while the traded value in lacs 54,008.89 as of now. The company’s Free Float Market Capitalization scaled at 21,714.59-Crores.