Tata Motors Share Receives 'Buy' Rating From Nomura and CLSA After Q1 Beats Expectations; Check the Upside
India, Aug. 13 -- This Tata Group Stock, engaged in the manufacturing and sale of trucks, buses, vans, pickups, small commercial vehicles, and electric mobility solutions in India and overseas markets, jumped 6.16 percent after the company reported June quarterly results with an 82.96 percent YoY increase in net profit, while brokerages shared their insights on the company's future outlook.
With a market capitalization of Rs. 1,74,799.37 crores, the share of Tata Motors Limited has reached an intraday high of Rs. 485 per equity share, rising nearly 6.16 percent from its previous day's close price of Rs. 456.85. Since then, the stock has retreated and is currently trading at Rs. 474.55 per equity share.
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