Tata Motors’ share rose to a new high of Rs 1,179.05 on the BSE today, Tuesday, July 30, 2024. Tata Motors’ share price jumped 5% on the BSE in intraday trading, extending its four-day upward trend in hopes of excellent operational performance.
The Tata Group’s automobile division saw an 18% increase in stock price in the last week following a ‘Buy’ rating and target price of Rs 1,294 per share for Tata Motors by brokerage firm Nomura.
The share price of Tata Motors has risen 51% so far in 2024, outperforming the market, while the BSE Sensex is up by only 12%.
Leading automaker Tata Motors produces a variety of vehicles, including cars, trucks, buses, utility vehicles and defence vehicles. It dominates the Indian commercial vehicle industry and has a joint venture (JV) with Fiat to manufacture automobiles, engines and gearboxes for the local market.
As of 2:37 pm, Tata Motors shares were trading 3.60 % higher at Rs 1,164.50.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.