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Journalism of Courage
Auto major Tata Motors surged by 3.79 per cent on the Bombay Stock Exchange after the company reported 2.46 per cent increase in net profit for the October-December quarter.
Shares of the company settled at Rs 1,144.65 on BSE,a gain of 3.79 per cent over the previous close. In intra-day trade,the stock had gained 5.73 per cent to touch a high of Rs 1,166.20.
On the National Stock Exchange,the scrip shot up by 6.12 per cent to settle at Rs 1,170.
In terms of volume,45 lakh shares of the homegrown auto major were traded on the two bourses.
Tata Motors reported a 2.46 per cent rise in net profit for the third quarter at Rs 410 crore.
Besides,other major auto stocks too displayed a good show surging in the range of 3.5-1.3 per cent. Bajaj Auto rose by 3.54 per cent,Mahindra & Mahindra by 2.14 per cent,Maruti Suzuki by 2.12 per cent and Hero Honda by 1.39 per cent.
Meanwhile,after a choppy session the BSE benchmark index Sensex finished the day at 17,728.61,up 265.57 points.
