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Why did Tata Motors increase today?
The stock jumped 20.43\% to settle at ₹506.75 on the BSE. Shares of Tata Motors on Wednesday jumped over 20 per cent after the company said it will raise USD 1 billion ( ₹7,500 crore) in its passenger electric vehicle (EV) business from TPG Rise Climate at a valuation of up to USD 9.1 billion.
Shares of Tata Motors are growing steadily, led by positive market sentiment on the adoption of electric vehicles in the country. Tata Motors has rallied 252.84\% in a year, outperforming Nifty and the Nifty Auto indices, which have grown by 42.8\% and 44.6\%, respectively.
Why Tata Motors share price down?
Shares of Tata Motors slipped over 3\% in early deals on Wednesday on the BSE after the company flagged chip supply shortage.
What is 52 week high/low of Tata Motors share price? 52 Week high of Tata Motors share is Rs 536.7 while 52 week low is Rs 156.7.
Is TATA MOTORS UnderValued or OverValued? As on 15-Dec-2021, TATA MOTORS is Fairly Valued based on the estimates of intrinsic value and investors may wait for the buying opportunity once it becomes under valued!
Why Tata Steel share is falling today?
One of the reasons for the street’s disappointment was the slow pace of debt reduction in the company. It was the sharp fall in global steel prices that caused the bigger dent to the steel maker’s stock price. Check out the latest news, analysis and updates on Business Insider.
The shortage is largely the result of substantial swings in demand due to the pandemic and the increased use of semiconductors in advanced vehicles. Restoring market balance will take time because semiconductor manufacturing is not suited to rapid and large shifts in demand.
Tata Motors share was trading higher today despite Fitch lowering the ratings of Indian auto firm from B from BB-. Share price of Tata Motors has gained 13\% in two sessions after the firm said on June 2 it has resumed operations across all its manufacturing plants in the country. It closed 7.81\% higher on June 2.
Did Tata sell its defence business to Tata Advanced Systems Limited?
In first week of April 2021 company sold its defence business to Tata advanced systems limited (TASL) for a consideration of Rs 227.7 crores. While this amount is miniscule when compared to the overall debt, but indicates that the company has started taking required steps.
Is Tata Motors a large or small cap company?
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 46861.67 Crore) operating in Auto sector.