JLR parent Tata Motors gains on report of potential US-Britain trade deal
Shares of Tata Motors Ltd TAMO.NS rise 2.3% to 696 rupees, among top gainers in blue-chip Nifty 50 .NSEI index
Stock at its highest point since March 26, when U.S. President Donald Trump announced a 25% tariff on all car imports into the country
The Indian automaker owns luxury carmaker Jaguar Land Rover (JLR), whose popular 'Range Rover' lineup of sport utility vehicles are built in Britain
Trump is expected to announce trade deal with Britain on Thursday, the New York Times reported overnight
JLR gets about a quarter of its sales from the U.S. market, and the carmaker contributes two-thirds to TAMO's consol revenue
Analysts tracking TAMO rate it "buy" on avg - data compiled by LSEG
Stock trims losses, now down 1.5% since Trump's auto tariffs announcement
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