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Shares of Tata Motors continued their upward journey Tuesday, zooming over eight per cent after its British unit Jaguar Land Rover (JLR) on Friday said it expects improved financial results in the quarter to March 31.
The stock rose 8.36 per cent to close at Rs 202.80 on the Bombay Stock Exchange (BSE). During the day, it jumped 9 per cent to Rs 204.
At the National Stock Exchange (NSE), shares rose sharply by 8.32 per cent to close at Rs 202.95.
In terms of volume, 67.93 lakh shares were traded on the BSE, while over 10 crore shares changed hands on the NSE during the day.
Shares of Tata Motors had zoomed 7.5 per cent on Monday.
The stock was the biggest gainer on both the indices on Tuesday.
Tata Motors-owned JLR on Friday said it expects better cash flow in the fourth quarter.
In a regulatory filing, JLR said it expects improved financial results in the fourth quarter period to March 31 compared to the first nine months of the financial year, with significant positive cash flow in the fourth quarter.
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