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MARKET EYE-Tata Motors shares may gain on JLR margins; ADR surges
May 30, 2013 / 3:32 AM / 5 years ago

MARKET EYE-Tata Motors shares may gain on JLR margins; ADR surges

Shares in Tata Motors Ltd, India's biggest car maker
by revenue, may gain sharply in trade, tracking a 5.5 percent
gain in its American Depository Receipts, after its
earnings beat estimates. 
   Tata Motors said on Wednesday that its unit Jaguar Land Rover
Ltd's profit margin rose to 16.9 percent in the
three months ended March 31 from 14.6 percent in the same period
the year before, helped by a favourable exchange rate and record
quarterly sales. 

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

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