Tata Motors gains after JLR retail sales grow 21% YoY in Q2-should you buy, sell or hold the stock?
JLR sales news: JLRs order book remains strong at 168,000 units, reducing in line with the fulfillment of client orders, with demand for our most profitable Range Rover, Range Rover Sport, and Defender models accounting for 77 per cent of the orders.
Tata Motors share price NSE, Tata Motors share price target: Tata Motors shares on Friday, October 6, traded in the green territory on the bourses. The stock was in demand after Tata Motors-owned Jaguar Land Rover's (JLR) retail sales, including the Chery Jaguar Land Rover China JV, grew 21 per cent year-on-year (YoY) at 106,561 units for the July-September quarter (Q2FY24). The company registered retail sales of 88,121 units in the corresponding quarter of the previous fiscal, the company informed in a note on October 5. The counter rose as much as 1.3 per cent to touch the day's high of Rs 627.35 in the early morning deals on NSE. Tata Motors finished 0.56 per cent higher at Rs 623.1 on the NSE.
Here's how the counter moved on Friday:
stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.