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Tata Motors rises to all-time high

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AUTOS INDIA TATAMOTORS

Tata Motors rose to an all-time high on Tuesday, climbing nearly 4 percent on the back of strong investor confidence in a broader market that touched a 32-month high for the third consecutive session.

The scrip opened on a strong note and hit a life-time high of 1,067.50 rupees on the BSE before closing 2.7 percent up at 1054 rupees with volumes of 1.2 million shares.

Tata Motors was also the top performing stock in the Auto index which closed 1.3 percent up.

For the year, the counter has given a return of over 30 percent. Do you think there is more upside to the stock?

Auto stocks post decent gains

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The BSE Auto Index gained 1.27 percent on Friday, as a top industry body official said he expected Indian vehicles sales to reach a record high for the second year in a row in 2010/11.

Shares in Tata Motors rose 4.5 percent to 808 rupees and ended as the top gainer among the Sensex and auto index components.

Tata Motors rises

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INDIA/

Shares in Tata Motors snapped a two-day fall and ended nearly 1 percent higher at 778 rupees.

Tata Sons, the holding entity for Tata Group firms, and Citigroup acquired 8.65 million shares in Tata Motors, according to BSE data released Tuesday.

Auto Index rises

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Shares of major auto players rose on Wednesday, pulling the BSE Auto Index up 2.2 percent.
INDIA-HYUNDAI/

Shares in Mahindra & Mahindra ended 6.1 percent higher at 971 in a market that ended 1.2 percent up. Trade in the counter stood at 0.4 million shares.

Tata Motors’ shares drop 6.6 pct

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Land Rover Freelanders are seen outside the Halewood Jaguar and Land Rover factory in Liverpool, northern England, in this October 27, 2008 file photoTata Motors, India’s largest commercial vehicle maker, ended the week on a disappointing note with its shares registering a drop of 6.6 percent.

The stocks declined 7.4 percent on the NSE.

Tata Motors was the top Sensex loser and also pulled the BSE Auto Index down 1.72 percent, making it the worst sectoral performer of the day.

Auto sector on the move

The BSE Auto Index closed 1.3 points lower on Wednesday as investors across Asia remained cautious after the overnight slide on Wall Street.

The Auto Index was the top performer yesterday, gaining as much as 2.45 percent in a broader market that shed 115 points.

Auto index drops over 4 pct

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The BSE auto index on Thursday continued its downward trend from the previous session, closing 4.43 percent down.

Losses in automakers such as Mahindra & Mahindra, Tata Motors and Maruti Suzuki pushed the Sensex down in the last hour of trade.

Auto stocks on a roll

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INDIA-HYUNDAI/The past two months have been exciting for auto stocks. Helped by better car sales and solid earnings by auto companies, the BSE Auto Index has gained over 20 percent since June, a sharp contrast to the Sensex’s meagre gain of around 4 percent over the same period.

Car sales in India jumped an annual 7.8 percent in June, climbing for a fifth straight month and signifying that demand for autos was picking up.

Market ends flat

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INDIA-STOCKS/The stock market got off to a quiet start this week, with the benchmark index closing just 21 points higher at 14,786 ahead of the annual budget next week.

The Sensex was up 1.3 percent at one point, but investors booked profits to take advantage of the rise.

Sensex climbs 3.4 pct to cross 10,000 mark

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The Sensex jumped 335 points on Thursday to cross the 10,000 mark, driven by strong global markets and short covering in monthly derivative contracts.

There was positive sentiment in most Asian markets, which are seen to influence the Indian benchmark, after U.S. economic data showed that stimulus measures were starting to take effect.INDIA-BUDGET

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