Tata Motors share price rallies 15% on Q2 earnings, equity raising plans
The Indian carmaker reported a loss in September quarter, dented by weak volume growth in India, although the quarterly net loss narrowed and the company board approved fundraising plans to reduce debt. Additionally, brokerages have upgraded the stock and increased their targets
Last Updated: October 29, 2019 | 11:17 IST
Company's subsidiary Jaguar Land Rover rebounded with 8% year-on-year increase in revenue for the September quarter, driven by higher wholesales and a favourable product mix.