Tata Motors becomes the most valuable auto company in India
Tata Motors has now become the most valuable auto company in India, leaving Maruti Suzuki behind. Tata Motors has left Maruti Suzuki behind in terms of market capitalization after 7 years. The market capitalization of Tata Motors has increased to beyond Rs 3.15 lakh crore.
Shares of Tata Motors made an all-time high today i.e. Tuesday (January 30), due to which the company has achieved this position. During trading, Tata shares touched the level of Rs 885.95 with a rise of more than 5%. However, at market close, the company’s shares closed at Rs 864.90 with a rise of 2.84%. Whereas Maruti Suzuki shares fell 0.41% today and closed at Rs 9,950.
Tata Motors shares rose due to this reason
This rise in the company’s shares is being seen before the third quarter (Q3FY24) results of Tata Motors are announced on February 2. This growth in the company’s stock has come due to Jaguar Land Rover (JLR)’s record sales in Q3 and its decision to increase the prices of its passenger vehicles
Company’s shares gave 90% return in 1 year
Tata Motors stock has increased by more than 10% in the last one month. In the last 6 months, the company’s shares have given returns of about 35% to its investors and more than 90% in a year.
