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Tata Motors’s subsidiary Jaguar Land Rover reports positive sales for Q2FY21

Tata Motor’s wholly-owned subsidiary, Jaguar Land Rover (UK) reported strong growth in its net sales for Q2FY21. Jaguar Land Rover (JLR) reported a significant improvement in its net sales for Q2FY21 compared to the COVID-19 affected Q1FY21 and Q4FY20. Retail sales were up by more than 50 per cent to 1,13,569 units in Q1FY21 compared to 74,067 units in Q2FY21 but compared to Q2FY20, the net sales lagged by 11.9 per cent. The boost in the net sales was led by strong growth of 14.6 per cent QoQ in the Chinese markets. Sales in China in the month of September alone were up by 28.5 per cent YoY.

 

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Tata Power receives LOI for distribution and retail supply of electricity in West & South Odisha

Ganesh V / Article rating: 5.0

Tata Power today announced that it has received a letter of intent (LOI) from Odisha Electricity Regulatory Commission (OERC) for the distribution & retail supply of electricity in Odisha’s five circles of the western part (WESCO) and six circles of the southern part (SOUTHCO). Tata Power has received this licence of distribution for a period of 25 years.

Tata Chemicals forms record session count pattern; bulls may take a breather

Vinayak Gangule / Article rating: 5.0

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out.

Sensex jumps more than 400 points; IRCTC surges 14 per cent, Laurus Labs gains 4 per cent, SpiceJet zooms 10 per cent

Geyatee Deshpande / Article rating: 5.0

On Friday, the domestic benchmark indices touched record highs as Sensex closed at 45,079.55 levels, up by 446.90 points or 1 per cent while Nifty gained by 124.65 points or 0.95 per cent to settle at 13,258.55 levels.

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