Rs 133 to Rs 428: This automotive giant leaped 221 per cent in 18 months!

Rs 133 to Rs 428: This automotive giant leaped 221 per cent in 18 months!

Shruti Dahiwal
/ Categories: Trending, Mindshare

An investment of Rs 1 lakh in this scrip would have turned to Rs 3.21 lakh today. 

Tata Motors Ltd, an Indian multinational automotive manufacturing company has given investors exceptional returns in the last 1.5 years. During this period, the company’s share price has jumped from Rs 133.1 on September 22, 2020, to Rs 427.95 on March 22, 2022.   

The announcement that flipped the game for the investors  

On October 12, the company announced that it had signed a binding agreement with TPG Rise Climate. This agreement pertained to raising Rs 7,500 crore from the latter and its co-investor ADQ. These funds were to be invested in a subsidiary of Tata Motors for manufacturing electric vehicles, dedicated BEV platforms, advanced automotive technologies and a portfolio of 10 EVs.   

In October itself, the share price of the company jumped from Rs 333.35 on October 1 to Rs 483.75 on October 29, giving investors returns of 45.12 per cent in just one month.  

Since then, the company’s market share in the EV Industry has only grown. It has gone from 71.4 per cent in FY21 to 81.6 per cent in YTD FY22, consolidating its leadership position further.   

At 12.32 pm, the share price of Tata Motors Ltd was trading at Rs 422.10, which was a decrease of 1.37 per cent from the previous day’s closing price of Rs 427.95 on BSE. 

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