Tata Motors Achieves Record High, Soars 7% on Strong December Quarter Results

Tata Motors has reached a new pinnacle, climbing 7% due to its robust performance in the December quarter. The company's stock surged as it announced impressive financial results. Shares of Tata Motors hit a new high of Rs 942, as they surged 7 per cent on the BSE in Monday’s intra-day trade after the company’s third quarter net profit beat analyst estimates, growing by 137 per cent year on year (Y-o-Y) to Rs 7,025 crore on favourable volumes, reduced costs on component sourcing with easing semiconductor chip supplies. The auto major’s revenue from operations went up 25 per cent Y-o-Y.

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