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Tata Motors surges in trade, JLR logs surprise performance in Q2

Oct 29, 2019 12:08 IST

Shares of Tata Motors surged in trade, adding on to the 16 per cent rally the stock saw in Sunday's one-hour Muhurat trading session. The rally comes after Tata Motors' September quarter results raised hopes that the British arm JLR is back on track. CLSA upgraded Tata Motors to buy after almost three years of a 'Sell' rating. Nomura said JLR’s margins at 13.8 per cent were significantly higher than estimates of 8.6 per cent.

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