Tata Motors shares zoom 7.5%; midcap rises by ₹3,711 crore



Shares of Tata Motors zoomed 7.5% Monday after its British unit JLR said it expects improved financial results in the quarter to March 31, 2019.

The stock jumped 7.37% to close at ₹187.15 on BSE. Intra-day, it gained 8.80% to ₹189.65.

At National Stock Exchange, shares climbed 7.51% to close at₹187.35.

Led by the sharp rise in the stock, the company's market valuation rose by ₹3,710.73 crore to ₹54,036.73 crore on BSE.

On the volume front, 29.27 lakh shares were traded on BSE and over 4 crore shares on NSE during the day.

The stock was the biggest gainer on both the indices during the day.

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