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

Thu Dec 13, 2012 10:50am IST

The Range Rover is seen at the Jaguar-Land Rover exhibition booth during the International Motor Show (IAA) in Frankfurt, September 14, 2011. The world's biggest auto show runs until September 25. REUTERS/Alex Domanski/Files

The Range Rover is seen at the Jaguar-Land Rover exhibition booth during the International Motor Show (IAA) in Frankfurt, September 14, 2011. The world's biggest auto show runs until September 25.

Credit: Reuters/Alex Domanski/Files

Related Topics

Stocks

   

Reuters Market Eye - Shares in Tata Motors(TAMO.NS) 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 (TTM.N) on Wednesday.

Nomura expects wholesales volumes to be higher, at around 32,500 units, due to new model dispatches, it said in a report.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

DIPLOMACY

REUTERS SHOWCASE

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

Carmichael Project

Carmichael Project

Adani buys Australia coal mine royalty rights from Linc for $145 million  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

Monetary Policy

Monetary Policy

BofA says RBI may cut rates by 75-100 bps starting early 2015  Full Article 

Road to IPO

Road to IPO

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage