Tata Motors shares made a record, reached all time high

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New Delhi: Shares of many companies of Ratan Tata’s Tata Group have given bumper returns to the investors, investors in these shares have become wealthy. Amidst the boom in the market, the shares of Tata Group companies have also seen a jump. The shares of Tata Group company Tata Motors are witnessing a bumper rally these days. This stock has broken all the records of speed. Shares of Tata Motors had gained 4 per cent to reach a record high of Rs 624.65 on Friday, the last trading day of this week. This boom in the stock has not come just like that. The jump comes after the company reported strong Jaguar-Land Rover (JLR) sales for the quarter ending June 2023. These shares have closed at the level of Rs 618.45. Long term investors in this stock have become millionaires today. Investors expect the stock to continue rising further.

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investors became rich

The Tata group company’s total domestic sales grew by one per cent to 80,383 units. Whereas a year ago in the same month it was 79,606 units. The company’s shares are also seeing a boom. The market cap of the company has increased to around Rs 2 lakh crore. On December 26, 2022, the Tata Motors stock was trading at a 52-week low of Rs 375.50. In such a situation, the shares of Tata Motors have increased by 42 percent in one year. The stock has gained 462 per cent in the last three years.

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increased profit of the company

The previous high of Tata Motors shares was Rs 606. On July 7, Tata Motors shares broke it. According to the company, its luxury subsidiary Jaguar-Land Rover’s wholesale sales (excluding sales in China) stood at 93,253 units in the first quarter. This is 30 percent more than the same quarter of its previous financial year. The company’s sales in overseas markets have registered the highest growth of 83 per cent as compared to the previous financial year. Tata Motors said its order book has strengthened with over 1,85,000 client orders at the end of the quarter.

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