Tuesday 7 October 2008

Tata Motors’ share price rides on Nano

With the news of the Ratan Tata’s dream car Nano’s mother plant to be set up at Sanand in Gujarat pouring in, Tata Motors share got the mu
ch-needed support. The news came as a breather for the the company’s falling scrip. The share price of Tata Motors which had been declining over the last 10 consecutive sessions closed on a positive note on Tuesday at Rs 316.60. Earlier, Tata Motors’ share had been declining and had come down from Rs 422.85 on September 19 to Rs 313.85 on October 6. The share had touched an all-time high of Rs 830 on November 10, 2007 after which it had been on the downswing.

However on Tuesday, despite a major market upheaval, the price of Tata Motors share remained stable. During the day, it touched a high of Rs 325.80.

Source: EconomicTimes

Posted by Harsh at 20:56

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