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What’s the euphoria behind Tata Motors stock?

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₹110.70, up ₹12.20 or 12.39% on the BSE.In June, the stock has seen a steep climb of 23.4% against a rise of nearly 6% of its benchmark BSE Auto.

The stock, however, has lost nearly 42% in this year so far. It had touched low of ₹63.60 per share on 24 March.The company said it has resumed operations at all plants with the Jamshedpur unit, also getting approval on 27 May to restart production. “70% of the 3-S (showroom, sales and service) outlets and 43% of the 1-S outlets opened for commercial vehicles covering 56% of the retail market.

For passenger vehicles, 59% of the showrooms resumed operations covering 69% of the retail market. Demand gradually starting to improve," it said in a statement to exchanges on 2 June.The company’s.

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