The Conservatives of the British Prime Minister Boris Johnson have triumphed the elections with a whopping majority. Only a few seats are left to announce in the general election.
The prime minister stated it would give him the mandate to get Brexit done and take the United Kingdom (UK) out of the European Union next month.
Shares in Tata Motors on Friday rallied intraday-level by as much as over 6-percent after Boris Johnson’s triumphed in the UK elections. The stock hit a high and low of Rs.183.95 and 176.20 respectively.
Boris Johnson’s victory with a massive mandate is seen as positive support for the Tata Motors as more than 20-percent of the company’s JLR revenues come from the U.K.To get the Best stock Tips and see the good stock to buy Tips visit.
Conversely, Share price in Tata Motors’ DVR today rallied intraday high at Rs.74.80. The stock is currently (at 1.23-pm) trading at Rs.72.40, up by 0.70% from the previous closing.
In comparison, the Sensex jumped a 41-K-level, up by 419 points, and the Nifty scaled at 12,075-level up by 103 points.