Tata Motors rallies to record high on brokerage upgrades
Jan 09 2013 , Mumbai
Credit Suisse raised Tata to 'outperform' from 'underperform', noting the automaker could post much-stronger-than-expected Range Rover sales, especially in China.
CLSA raised Tata to 'buy' from 'outperform', citing optimism about new product launches.
Tata shares were up 3.1 percent as of 9:36 a.m., after earlier hitting a record high of 325.80 rupees and outperforming a 0.2 percent gain in the Nifty.