Tata Motors gains 4% on heavy volumes; stock surges 12% in one month

Tata Motors and its wholly-owned subsidiary JLR to report December quarter results on Wednesday, January 25, 2023.

Shares of Tata Motors were trading higher for the third straight day, surging 4 per cent to Rs 423.80 on the BSE in Tuesday’s intra-day trade amid heavy volumes ahead of Jaguar Land Rover (JLR) third quarter results.

The average trading volumes at the counter more-than-doubled today, with a combined 19.24 million equity shares changing hands on the NSE and BSE till 11:43 AM. In comparison, the S&P BSE Sensex was up 0.19 per cent at 61,059.

JLR, a wholly-owned subsidiary of Tata Motors, on January 9, said that the company expects to report unaudited results for the