As investors are eagerly awaiting for the announcement of Tata Technologies IPO allotment status, Tata Motors shares witnessed buying interest among Dalal Street bulls during morning deals. This helped Tata Motors shares to extend its rally and touch new all-time high of ₹702.80 per share on NSE. While climbing to this new peak, Tata Motors share price today managed to deliver more than 75 per cent return to its positional investors in YTD. However, stock market experts still see big upside and expect Tata Motors share price to touch ₹945 apiece levels in medium to long term.Tata Motors shares are ascending due to various rerasons — rise in sales of Jaguar and Range Rover are one of them. They said that market is expecting strong listing of Tata Technologies IPO, which is 100 per cent offer for sale (OFS). As Tata Motors is offloading its stake in Tata Technologies IPO, the auto major is expected to benefit from this offer for sale. So, rise in sales of its premium variants and better listing price of Tata Technologies IPO is expected to enable Tata Motors to deliver strong quarterly numbers in upcoming
Tata Motors Limited is an Indian Multinational automotive company, headquartered in Mumbai, and part of the Tata Group. The company produces cars, trucks, vans, and busses.[6]
Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo. Tata Motors has a joint ventures with Hitachi (Tata Hitachi Construction Machinery) and Stellantis, which makes vehicle parts for Fiat Chrysler and Tata-branded vehicles. On 12 October 2021, private equity firm TPG invested $1 billion in Tata Motors’ electric vehicle subsidiary.[7]
Tata Motors has auto manufacturing and vehicle plants in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune in India, as well as in Argentina, South Africa, the United Kingdom, and Thailand. It has research and development centres in Pune, Jamshedpur, Lucknow, Dharwad, India and South Korea, the United Kingdom, and Spain. Tata Motors is listed on the BSE (Bombay Stock Exchange), where it is a constituent of the BSE SENSEX index, the National Stock Exchange of India, and the New York Stock Exchange. The company is ranked 265th on the Fortune Global 500 list of the world’s biggest corporations as of 2019.[8]
On 17 January 2017, Natarajan Chandrasekaran was appointed chairman of the company Tata Group. Tata Motors increased its UV market share to over 8% in FY2019.[9]
A multibagger in the making!!!