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Tata Motors scrip up 4% on JLR sales growth

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SummaryTata Motors gained 4 pct after its subsidiary Jaguar Land Rover logged in 14 pct jump in global sales for November.

Shares of Tata Motors on Thursday gained 4 per cent after its subsidiary Jaguar Land Rover (JLR) logged in 14 per cent jump in global sales for November.

Tata Motors scrip, the top performer among the 30-Sensex blue-chips, settled for the day 3.96 per cent higher at Rs 287.40 on the BSE. During the day, it surged 5 per cent to Rs 290.25.

At NSE, the stock ended at Rs 287.70, up 4.05 per cent from its previous close.

As for volumes, 29.18 lakh shares of the company changed hands on BSE, while more than one crore shares were traded on NSE.

JLR's global sales in November rose to 29,893 units. Land Rover sold 25,862 vehicles, up 17 per cent compared to the same month last year, JLR said in a statement.

Gains were made in almost every major market, with sales in China up 43 per cent; Asia Pacific - 26 per cent; the UK 15 per cent and Europe 12 per cent.

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