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Market eye- India s Tata Motors joins 1 trln rupees club

India s Tata Motors market cap crossed the 1 trillion rupees ($18.23 billion) mark joining what is now a 14-member club that also includes Reliance Industries Ltd Oil and Natural Gas Corporation Ltd and Tata Consultancy Services Ltd.

India s Tata Motors market cap crossed the 1 trillion rupees ($18.23 billion) mark joining what is now a 14-member club that also includes Reliance Industries Ltd Oil and Natural Gas Corporation Ltd and Tata Consultancy Services Ltd.

Tata Motors shares have hit a record high this year after surging 4.7 percent as of Wednesday s close adding to its 75 percent gain in 2012.

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Signs of improving sales at its unlisted unit Jaguar Land Rower and the improving economic outlook in its key China market have bolstered the auto maker s shares analysts said.

The 1 trillion rupees market cap includes differential voting rights and common shares.

Tata Motors shares are up 1.83 percent as of 0858 GMT. ($1 = 54.8550 Indian rupees)

  • First Published Date : 10 Jan 2013, 05:56 PM IST