/ Tata Motors Creates A 'dhoom' On D-Street, Post The Release Of JLR Sales ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 5 January 2017

Tata Motors has grabbed the top gainer's position today in Nifty50 with 2.6% intraday gains at Rs 499.5, after posting its JLR sales data. Tata Motor’s subsidiary, Jaguar Land Rover has posted 24% hike in its US sales, recording 105104 units in 2016. Land Rover’s sales have increased by 5% to 73861 units; and Jaguar sales have risen by 116% to 31243 units in 2016. 

The company has recovered from the net loss it had posted during September quarter of 2015 to a net profit of Rs 848.16 crore in the September quarter of 2016. Other peers are also buoyed by the sales data news of Tata Motors and thereby the whole NSE Auto index is trading up, eventually outperforming the benchmark index with 1.33% gains.

Tata Motors has recently surged above its 100 and 200 days EMA and will enter positive trajectory on closing above its today’s high at Rs 502. However, the price movement is not supported by volumes for now.
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