The Traderszone Network

Published in TZ Latest News 13 August, 2014 by The TZ Newswire Staff

Tata Motors’ Earnings Fuel Rally In Its Stock

Indian carmaker Tata Motors (TTM) is back near an all-time high after investors cheered Monday’s earnings report, lifting the company’s stock nearly 8%. The stock gapped above its 50-day moving average in high volume and was up again Tuesday and Wednesday. Q2 earnings came in at $1.39 a share, a 209% increase from the year-ago quarter. Sales rose 36%.

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