Sunday, November 10, 2013

TATA MOTOR'S NET SOARS

Tata Motors has reported excellent results for the second quarter. Net  profit has surged  by over 70%, compared to same quarter in the earlier year. Net profit for the quarter stood at Rs.3,542 crore. Range Rover Sport and Jaguar F-Type convertibles  have contributed most to the quantum increase in net,  favorable exchange rate also boosted earnings . Sales rose to Rs.56,882 crore from Rs.43,403 crore a year ago. Analysts had expected the firm to report sales of Rs.53,722 crore. The stock on Friday closed at Rs 389 in the exchanges. The stock has risen over 40% in the last 365 days.

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