Tata Motors shares continue upward swing of 8 pct after JLR unit predicts advancement

Shares of Tata Motors continued their upward journey Tuesday, zooming over 8 per cent after it's British unit Jaguar Land Rover (JLR) Friday said it expects improved financial results in the quarter to March 31. The stock rose 8.36 per cent to close at Rs 202.80 on the BSE. During the day, it jumped 9 per cent to Rs 204.

At the NSE, shares rose sharply by 8.32 per cent to close at Rs 202.95. In terms of volume, 67.93 lakh shares were traded on the BSE, while over 10 crore shares changed hands on the NSE during the day. Shares of Tata Motors had zoomed 7.5 per cent Monday. The stock was the biggest gainer on both the indices on Tuesday.

Tata Motors-owned JLR Friday said it expects better cash flow in the fourth quarter. In a regulatory filing, JLR said it expects improved financial results in the fourth quarter period to March 31 compared to the first nine months of the financial year, with significant positive cash flow in the fourth quarter.