Meanwhile, the BSE Sensex was up 70.88 points, or 0.42%, to 17,123.42.
On BSE, 3.50 lakh shares were traded in the counter as against an average daily volume of 8.22 lakh shares in the past one quarter.
The stock hit a high of Rs 790.40 and a low of Rs 775.05 so far during the day. The stock had hit a 52-week high of Rs 842 on 5 January 2010 and a 52-week low of Rs 135.65 on 9 March 2009.
The stock had outperformed the market over the past one month till 9 March 2010, soaring 13.99% compared with the Sensex's 6.30% rise. It outperformed the market in past one quarter, rising 7.14% as against 0.42% decline in the Sensex.
India's largest truck maker by sales has an equity capital of Rs 544.19 crore. Face value per share is Rs 10.
The current price of Rs 789.80 discounts the company's Q3 December 2009, annualised EPS of Rs 29.42, by a PE multiple of 26.84.
The eight-year loan for Jaguar Land Rover (JRL) is a part of the assistance by the European Union to European auto makers who were hit by a recession last year. European Investment Bank (EIB) is a lender backed by European Union government.
The loan would be used partly for work on hybrid vehicles, as well as research into reducing vehicle weight to improve energy efficiency. Tata Motors bought Jaguar Land Rover from Ford Motor Company in June 2008 for $2.3 billion.
Meanwhile, Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired a total of 86.5 lakh shares of Tata Motors from Germany's Daimler AG. Tata Sons bought 40 lakh Tata Motors shares at Rs 750 each, while Citi bought 46.5 lakh shares at Rs 752.41 each, according to data on the Bombay Stock Exchange website.
German premium car maker Daimler AG sold its entire about 2.56 crore shares at an average price of Rs 751.67 in Tata Motors through various bulk deals on Tuesday, 9 March 2010. The Tata Motors stock had lost 3.24% to Rs 770.90 on the BSE that day.
Daimler, the world's largest truck maker by sales, had partnered Tata Motors in 1954 to provide its technology for trucks in India. The technology tie-up ended in 1969. In 1994, Daimler entered into another tie-up with Tata Motors for distribution of its Mercedes luxury cars in India, which ended in 1997. The German company is now intensifying its own activities in India
Tata Motors reported net profit of Rs 400.14 crore in Q3 December 2009 compared to net loss of Rs 263.26 crore in Q3 December 2008. Net sales spurted 89.4% to Rs 8929.80 crore in Q3 December 2009 over Q3 December 2008. The turnaround result was reported on the back of robust sales volume, impressive operating performance and low base effect. P>Tata Motors is engaged in manufacturing and marketing heavy, medium and light commercial vehicles, utility vehicles and passenger cars.