Tata Motors jumps 3 pc ahead of Q3 results announcement

MUMBAI: Shares of auto-maker Tata Motors went up by nearly 3 per cent in early trade on the Bombay Stock Exchange today on hopes of robust third quarter numbers, to be announced later in the day.

Tata Motors rose by 2.91 per cent to touch an early peak of Rs 1,135 on the BSE. Similarly, the stock surged by 2.94 per cent to a high of Rs 1,134.95 on the National Stock Exchange.

In terms of volume, over 9 lakh shares of the company were traded on the two bourses within the first half-hour of trade.

Market players expect that Tata Motors will report good December quarter earnings.

Barring Bajaj Auto, good buying was seen in all the other frontline auto stocks on the bourses today, including Hero Honda, Maruti Suzuki and Mahindra & Mahindra (M&M).

Hero Honda was trading 1.18 per cent higher, while Maruti Suzuki gained 1.18 per cent and M&M rose by 0.33 per cent.

Meanwhile, the BSE benchmark Sensex was trading flat at 17,461.69 at 1004 hrs.