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Tata Motors shares jump after JLR sales boost profit

MUMBAI (Reuters) – Shares of Tata Motors Ltd , India’s biggest automaker by revenue, jumped more than 6 percent after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company’s first-quarter net profit.

Operating margins at its Jaguar Land Rover (JLR) unit rose to 20.3 percent from 15.8 percent a year ago. (Full story http://in.reuters.com/article/2014/08/11/tata-motors-ltd-results-idINKBN0GB0VG20140811)

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)

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New Post has been published on Aligarh Khabar

New Post has been published on http://news.aligarhkhabar.com/nifty-snaps-three-day-losing-streak-autos-drive-gains/

Nifty snaps three-day losing streak, autos drive gains

MUMBAI (Reuters) – The Nifty rose nearly 1 percent on Monday to snap a three-day losing streak after auto stocks such as Mahindra and Mahindra surged on earnings optimism, while strength in global shares on easing tensions in Ukraine also helped.

Mahindra and Mahindra provisionally rose 6.2 percent after its April-June earnings beat estimates on Friday, while Tata Motors ended 3.3 percent higher, ahead of its earnings later in the day.

The broader Nifty provisionally rose 0.76 percent to close above its technically important 50-day moving average at 7,616.74.

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)

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