Tuesday, March 5, 2013

Tata Motors surges on price hike buzz

Tata Motors, India's largest automobile company, surged on Tuesday after media reports said the company has increased the prices of its utility vehicle portfolio, comprising Sumo, Safari and Aria, by up to Rs 35,000 due to the excise duty hike in the Budget.
Shares of the company are trading at Rs 300.10, up Rs 10.3, or 3.55% at the Bombay Stock Exchange (BSE) on Tuesday at 10:35 a.m.

The scrip has touched an intra-day high of Rs 300.90 and low of Rs 290. The total volume of shares traded at the BSE is 291,895.

In the earlier session, the shares rose 0.4%, or Rs 1.15, at Rs 289.80. Currently, the stock is trading down 10.96% from its 52-week high of Rs 337.05 and above 47.87% over the 52-week low of Rs 202.95.

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