Tata Motors stock continues surge on strong growth in US sales

Shares in Tata Motors keep up momentum on Friday following strong growth in JLR US sales attained by the company for the month of November.

The total JLR sales in the US for December month jumped about 24% to 14,079 units as against 11394 units sold in December 2017.  Sales of Land Rover in the US market have grown by 33 percent on yearly basis to 10,617 units as against 7980 units in the corresponding period last year.

Tata Motors had reported an 8% decline in India unit sales to 50,440 units in December, vis-à-vis 54,627 units in the corresponding month last year. 

Shares of Tata Motors Limited traded 2.80 percent up at Rs 170.70 on the NSE during first afternoon hours of trade.  Similar trend was observed in BSE also in Tata Motors share. The stock hit an intraday high and low of Rs172 and 168.50 respectively on NSE, whose benchmark index Nifty meantime traded at 10727 up by 54.75 points and the Sensex quotes at  196 points higher at 35710-level at around 1.15 pm, Friday.