On Monday, shares of Tata Motors DVR surges around 11%, after its promoter Tata Sons on Friday, had acquired more than about 5.3 million shares about 1.04% of the equity of Tata Motors DVR through the open market. The share brought is at a rate Rs 56.02 per share and the deal is worth around Rs 30 crore.

Last month, the stocks of Tata Motors DVR had outperformed in the market by surging 47% against 1% rise in the Sensex. According to the shareholding data pattern, Tata Sons held a 5.26% stake in Tata Motors DVR as of June 30.

Earlier, Tata Motors had reported a consolidated loss of Rs 8,443 crore for the quarter ended on June 30, against a loss of Rs 3,679.66 crore in the same period a year ago. Revenue from operations declined by 47.94% on a YoY basis, to Rs 31,983.06 crore during the June quarter of the current fiscal year as compared to Rs 61,467 in the same period the previous year.

At 02:15 pm, the stock was trading10.63% higher at a rate of Rs 60.30, whereas the benchmark index Sensex was flat at 38388.12. Shares of Tata Motors were up by 1.90% at Rs 150.55, after a high of Rs 152 on BSE.