Powered by positive Q1 results on a consolidated basis, shares of Tata Motors Ltd surged by more than six per cent in the opening minutes of trading in both the exchanges this morning.
But the factor to remember is that while the consolidated revenue and net profit have witnessed a steep jump essentially because of the performance of Tata Motors's British subsidiary JLR, on a standalone basis both revenue and net profit have sharply fallen in the first quarter of this year.
Shares of Tata Motors jumped to Rs 474.75 on the NSE, a gain of 6.11 per cent. On the BSE, the stock was trading at Rs 472.60, a gain of Rs 27.65 or 6.19 per cent.