Mumbai : Tata Motors shares rose by over 2 per cent after the company’s Jaguar Land Rover reported 22 per cent jump in global retail sales in first half the year.
The stock went up by 2.19 per cent to settle at Rs 465.20 on BSE. During the day, it gained 2.69 per cent to Rs 467.50. On NSE, it climbed 2.44 per cent to close at Rs 466.30.
The stock was the biggest gainer among the 50-Nifty scrips, reports PTI. On volume front, 14.41 lakh shares of the company were traded at BSE and over 92 lakh shares changed hands at NSE during the day.
Tata Motors-owned Jaguar Land Rover yesterday reported 22 per cent jump in global retail sales to a record 2,91,556 units in January to June period this year, riding on robust demand in Europe and the UK. The growth has been primarily driven by an increase in Jaguar sales, which rose 64 per cent in the first half of the year, JLR had said in a statement.
“During the first half of the year, Jaguar Land Rover has seen increased sales across all of its major regions with 35 per cent in Europe, 21 per cent in the UK, 21 per cent in North America, 19 per cent in China and 11 per cent in overseas markets,” the company added.
