MARKET EYE-India's Tata Motors joins 1 trln rupees club

Thu Jan 10, 2013 2:32pm IST

Related Topics

Stocks

   

* India's Tata Motors market cap crossed the 1
trillion rupees ($18.23 billion) mark, joining what is now a
14-member club that also includes Reliance Industries Ltd
, Oil and Natural Gas Corporation Ltd and
Tata Consultancy Services Ltd.
* Tata Motors shares have hit a record high this year after
surging 4.7 percent as of Wednesday's close, adding to its 75
percent gain in 2012.
* Signs of improving sales at its unlisted unit Jaguar Land
Rower and the improving economic outlook in its key China market
have bolstered the auto maker's shares, analysts said.
* The 1 trillion rupees market cap includes differential voting
rights and common shares. 
* Tata Motors shares are up 1.83 percent as of 0858 GMT.
($1 = 54.8550 Indian rupees)

 (manoj.dharra@thomsonreuters.com/abhishek.vishnoi@thomsonreuter
s.com; manoj.dharra.thomsonreuters.com@reuters.net)
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

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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