April 5, 2018 / 7:10 AM / 14 days ago

BUZZ-India's Tata Motors surges for 4th day, hits 1-month high

(Adds technicals)

** Tata Motors Ltd continues to gain for fourth straight session; potential gains seen for company from U.S.-China trade war

** Stock climbs as much as 3.6 pct to 368.3 rupees, its highest since March 5

** China’s plan to impose 25 pct tariffs, including on automobiles imported from the United States, can be beneficial for Tata Motors’ Jaguar Land Rover unit - Nomura says

** Nomura rates stock at ‘buy’ with TP of 526 rupees

** Stock has fallen 24 pct in past one year up to Wednesday

** Stock breaks above its 50-day exponential moving average reut.rs/2ElvSHq

** Also cuts above a Fibonacci resistance level at 370 rupees, the 38.2 pct retracement level of the downtrend from Jan 9 high to March 26 low

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below