Mumbai: Shares of auto major Tata Motors zoomed up by over 6% in early trade on the Bombay Stock Exchange (BSE), boosted by a 2.46% increase in the company’s net profit for the October-December quarter.
Shares of the company, which was the top performer among frontline stocks on the BSE, zoomed up by 6.69% to touch an early high of Rs1,221.25 on the exchange on Monday.
In a similar fashion, the stock gained 6.92% to touch an early peak of Rs1,221.80 on the National Stock Exchange (NSE).
Tata Motors was the top trading stock on the bourses in early trade, with over 20 lakh shares of the company changing hands on the BSE and NSE in the morning session.
The company had late last week reported a 2.46% rise in net profit for the third quarter to Rs410 crore.
Meanwhile, the BSE’s 30-share Sensex index was trading higher by 237.67 points at 17,966.28 at 10:30 am on Monday.