Tata Motors defies downward market trend, gains ₹3,566 crore market cap

Shares of the company opened at ₹349.85 and touched an intra-day high of ₹363.45, up 5.85% over the previous closing price.

Shares of Tata Motors defied the broader market trend on Wednesday, and ended the day with gains of more than 3%, following which the market capitalisation of the company improved by ₹3,565.87 crore.

At the end of today’s trading session, Tata Motors’ stock was quoted at ₹355.70 apiece, up 3.60%. (REUTERS File Photo)

Shares of the company opened at ₹349.85 and touched an intra-day high of ₹363.45, up 5.85% over the previous closing price.

At the end of today’s trading session, the stock was quoted at ₹355.70 apiece, up 3.60%

Following the uptick in the counter, the market capitalisation of the company rose by ₹3,565.87 crore to ₹1,02,702.99 crore.

On the NSE, the stock opened at ₹346.80 apiece and jumped to a high of ₹362.90 intra-day. Its shares ended the day at ₹354.80, higher by 3.41%

The company’s new products such as the fifth-generation all-new Land Rover Discovery and the New Range Rover Velar have been received very well in the market.

Besides, other models like Jaguar XE, XF and F-PACE and Land Rover Discovery Sport and Range Rover Evoque have also done well during the year, said Jaguar Land Rover India president & managing director Rohit Suri.