From Titan to Tata Motors: This Rakesh Jhunjhunwala stock hits a fresh 52-week high delivering 500 per cent returns!
Shares of the company have given about 20 per cent returns in the last six months.
Today, shares of Tata Motors Limited made a new 52-week high, gaining more than 1 per cent. While on a YTD basis, shares of the company have gained more than 25 per cent. Late Rakesh Jhunjhunwala's wife currently holds a 1.57 per cent stake in the company.
In Q3FY23, on a consolidated basis, Tata Motors total income stood at Rs 90796.24 crore which increased by 23.96 per cent YoY. While the bottom line of the company was back in profit after delivering seven consecutive quarters of loss. The net profit of the company stood at Rs 2939.78 crore.
The stock has also delivered multibagger returns to its shareholders in the last few years. During this period, the company’s share price jumped from Rs 84.35 on May 15, 2020, to Rs 505.55 on May 10, 2023, an increase of more than 500 per cent. The stock has shown tremendous growth and has given multibagger returns to its shareholders in three years holding period.
DSIJ offers a product 'Mid Bridge' with recommendations for Mid-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
Today, the stock opened at Rs 508, with a high and low of Rs 513 and Rs 504.45. Currently, the stock is trading at Rs 505.45, up by 0.38 per cent over its previous close of Rs 503.55.