MUMBAI Jan 9 India's Tata Motors Ltd
rose as much as 3.7 percent to a record high on Wednesday after
Credit Suisse and CLSA upgraded their ratings on the stock,
citing expectations for improving sales.
Credit Suisse raised Tata to 'outperform' from
'underperform', noting the automaker could post
much-stronger-than-expected Range Rover sales, especially in
CLSA raised Tata to 'buy' from 'outperform', citing optimism
about new product launches.
Tata shares were up 3.1 percent as of 0406 GMT, after
earlier hitting a record high of 325.80 rupees and outperforming
a 0.2 percent gain in the NSE index.
(Reporting by Manoj Dharra and Rafael Nam; Editing by Anand