10-Sep-2013
Tata Motors, India's largest automobile company, jumped on Tuesday after it entered into a partnership with Malaysia's DRB-HICOM for import, distribution and assembly of its commercial vehicles in the country as part of ongoing global footprint expansion.
As part of the pact, the company has signed a distribution agreement and technology license agreement with USF-HICOM (Malaysia) Sdn Bhd, a subsidiary of DRB-HICOM Berhad, Tata Motors said in a statement.The companyowned Jaguar Land Rover (JLR) last month sold 27,852 vehicles, its best ever August sales performance with an increase of 28% versus the same period last year.
During the first eight months of the year, Jaguar Land Rover sold 269,653 vehicles, up 16%. Shares ofthe companyare trading at Rs 342, up Rs 24.2, or 7.61% at the Bombay Stock Exchange (BSE) on Tuesday at 11:02 a.m.
The scrip has touched an intra-day high of Rs 343.15 and low of Rs 320.10. The total volume of shares traded at the BSE is 589,868.In the earlier session, the shares gained 0.36%, or Rs 1.15, at Rs 317.80. Currently, the stock is trading all time 52-week high, which is above 43.1% over the 52-week low of Rs 239.00.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 296.90 (9.75) (3.28) 1 Month 290.80 (3.65) (1.26) 3 Months 270.40 16.75 6.19 6 Months 306.70 (19.55) (6.37) 1 Year 247.00 40.15 16.26 Note: Based on previous day closing price.
Source:- newindianexpress.com
No comments:
Post a Comment