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Tata Motors surges on quarterly results

Shares of the company, which was the top performer among frontline stocks on the BSE, zoomed up by 6.69 per cent to touch an early high of Rs 1,221.25 on the exchange today.

twitter-logoPTI | February 14, 2011 | Updated 11:08 IST

Shares of auto major Tata Motors zoomed up by over 6 per cent in early trade on the Bombay Stock Exchange, boosted by a 2.46 per cent increase in the company's net profit for the October-December quarter.

Shares of the company, which was the top performer among frontline stocks on the BSE, zoomed up by 6.69 per cent to touch an early high of Rs 1,221.25 on the exchange on Monday.

In a similar fashion, the stock gained 6.92 per cent to touch an early peak of Rs 1,221.80 on the National Stock Exchange.

Tata Motors was the top trading stock on the bourses in early trade, with over 20 lakh shares of the company changing hands on the BSE and NSE in the morning session.

The company had late last week reported a 2.46 per cent rise in net profit for the third quarter to Rs 410 crore.

Meanwhile, the BSE's 30-share Sensex index was trading higher by 237.67 points at 17,966.28 at 1030 hrs today.

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