MARKET EYE-Tata Motors rises on ADR gains, hopes of higher JLR sales

Thu Dec 13, 2012 10:21am IST

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* Shares in Tata Motors gain 2.7 percent, tracking
optimism ahead of its Jaguar Land Rover unit's
wholesale volume numbers, which are scheduled to be released
later in the day, dealers say.
* Shares are also tracking a 3.4 percent gain in the company's
American depository receipts on Wednesday.
* Nomura expects wholesales volumes to be higher, at around
32,500 units, due to new model dispatches, it said in a report.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net;
henry.foy@thomsonreuters.com /;
henry.foy.reuters.com@reuters.net)
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