This large-cap stock rallied over 7 per cent today after a 1-year fall of 18 per cent; here's why!
Today, shares of the company saw a spurt in volume by more than 2.41 times on BSE.
Today, shares of Tata Motors Ltd rose by 7.27 per cent to the day’s high of Rs 417.70 per share from its previous closing of Rs 389.40. At 15:30 IST, the share ended the day positive, up 5.92 per cent to Rs 412.45 per share.
Recently, the business said that its global wholesales in Q3FY23, which included Jaguar Land Rover, were 3,22,556 units, up 13 per cent from Q3FY22. In Q3FY23, the segment for commercial vehicles and Tata Daewoo decreased by 5 per cent from Q3FY22. Comparing Q3FY23 to Q3FY2, the passenger vehicle segment had a 23 per cent increase. Global wholesales for Jaguar Land Rover were 92,345 units.
Tata Motors Group is a global automobile manufacturer. As part of the illustrious Tata group, it provides the world with a diverse portfolio of cars, SUVs, trucks, buses and defence vehicles. Today, shares of the company saw a spurt in volume by more than 2.41 times on BSE.
Tata Motors Ltd has a market cap of 1,37,169.29 crore. As compared to Q2FY22, net sales increased by 29.7 per cent in Q2FY23. Comparing FY22 to FY23, net sales increased by 11.48 per cent. The stock has a 52-week high of Rs 528.35 and a 52-week low of Rs 366.05. As of September 2022, the maximum shareholding is owned by the promotors. Investors should keep an eye on this Large-Cap stock.