Tata Motors’ market cap crosses ₹3 lakh crore
Tata Motors has become the third company of the group to cross the market capitalization of Rs 3 lakh crore. The company’s market cap is combined with Tata Motors’ ₹2,73,985 crore and Tata Motors DVR’s ₹27,940 crore market cap.
Earlier, Tata Consultancy Services (TCS) and Titan have crossed the market cap mark of Rs 3 lakh crore. Tata Motors shares are seeing a rise of 1.11% on Tuesday (January 16). Earlier during trading today, the company’s shares also made its 52 week high by touching the figure of 827.
Tata Motors has given a return of 4% so far this year
Tata Motors has given returns of about 4% so far this year. It has gained about 12.42% in the last one month, while the company’s stock has gained more than 32.84% in the last six months. If we talk about one year, the company has given a return of 98.93%.
TCS market cap Rs 14 lakh crore
TCS has the highest market capitalization among Tata group companies. According to BSE, the market cap of the company as on January 16 is Rs 14 lakh crore. Whereas the market cap of Titan is at Rs 3.41 lakh crore.
The company’s net profit in Q2FY24 stood at ₹3,764 crore
Tata Motors released the results for the second quarter of the financial year 2023-24 on November 2. The company’s net profit in the July-September quarter stood at Rs 3,764 crore. The company had suffered a loss of Rs 944 crore in the same quarter a year ago i.e. 2022.
Whereas in the last Q1FY24, the company had made a net profit of Rs 3,202 crore. The company’s revenue from operations increased by 32% to Rs 1.05 lakh crore in Q2. In the last Q2FY23 it was Rs 79,611 crore.
