The Tata Motors stock gained about 8 per cent on Monday after the company posted a better-than-expected operational performance in the June quarter. The gains were largely on account of Jaguar Land Rover (JLR), which reported an operating profit margin of 3.6 per cent.
This was due to better realisations, favourable forex and government grants. While an improved product mix, lower variable marketing expenses and favourable mix aided profitability, volume recovery in China led by Land Rover also contributed to the improvement. After a dip in February, China sales have been growing ...
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