The stock of Tata Motors Ltd rose by 6.98 per cent on the Mumbai stock exchange (BSE) on foreign fund buying, ahead of expectations of impressive sales numbers, for the second quarter (July-September). 

The stock which opened at Rs270 touched an intra-day high of Rs294 before finally settling at Rs291.15. 

On the National Stock Exchange (NSE) the stock gained by 6.10 per cent to end the day at Rs289.65 as compared to its previous close of Rs273. 

Tata Motors touched a low of Rs269.95 on the BSE, while it dropped to Rs270.50 on the NSE. 

A total of 23,92,143 shares changed hands on the counter on the BSE, whilst on the NSE it clocked total traded volumes of 80,73,756 shares. 

Dealers said that the company is expected to post good sales numbers, which will result in an improved bottom line. 

Said a dealer with a domestic brokerage house, “There was huge fund buying on the counter and some of it was pending from yesterday. Moreover, the first order of their joint venture partner, Rover, has been shipped, from the total of 15,000 odd cars to be exported for the whole year.”