Tata Motors has become the group’s third company to cross the Rs 3 lakh crore market capitalization mark. The market capitalization of the company includes Tata Motors’ ₹2,73,985 crore and Tata Motors DVR’s ₹27,940 crore.
Titan and Tata Consultancy Services (TCS) had previously surpassed the Rs 3 lakh crore market capitalization threshold. On Tuesday, January 16, shares of Tata Motors are up 1.11%. The company’s shares also reached their 52-week high during today’s trading, touching 827.
Tata Motors has provided a 4% return so far this year
The Company has returned approximately 4% so far this year. It has gained approximately 12.42% in the last month, and the company’s stock has increased by more than 32.84% in the last six months. In one year, the company generated a return of 98.93%.
TCS market capitalization is Rs 14 lakh crore
TCS has the highest market capitalization of the Tata group’s companies. According to the BSE, the company’s market capitalization as of January 16 was Rs 14 lakh crore. Titan has a market cap of Rs 3.41 lakh crore.
The company’s net profit in Q2FY24 was ₹3,764 crore
Tata Motors announced the results for the second quarter of fiscal year 2023-24 on November 2. The company’s net profit in the July-September quarter was Rs 3,764 crore. The company lost Rs 944 crore in the same quarter of the previous year, 2022.
In the previous Q1FY24, the company made a net profit of Rs 3,202 crore. The company’s operating revenue increased by 32% to Rs 1.05 lakh crore in the second quarter. In the second quarter of FY23, it was Rs 79,611 crore.
Top 3 Companies To Cross 3 Lakh Crore Market Cap.
| 1. TCS | RS. 14.13 LAKH CRORE |
| 2. TITAN | RS. 3.39 LAKH CRORE |
| 3. TATA MOTORS | RS. 3 LAKH CRORE |
Tata motors share price target for 2024
According to V.L.A. Ambala, co-founder of Stock Market Today (SMT) and SEBI Registered Research Analyst, the company is presently experiencing strong business momentum. Target prices for the company are recommended to range from Rs 760 to Rs 1,000, with a holding period of approximately one to five months. It is recommended to hold the position for possible future gains and to use a trailing stop loss stop at 680.
She continued the company might be able to hit the 1,200 range in the upcoming year. We consider any potential decline to around 645 to be a good “Dip buying opportunity.
History Of Tata Motors Share Price
The Company shares have returned 23.86 percent over the last three months, and the surge has increased to a more substantial 33.07 percent over the last six months, according to BSE analytics. Surprisingly, Tata Motors has performed exceptionally well, increasing by 102.32% over the past year. Its remarkable growth is further highlighted by the long-term trajectory, which shows an astounding return of 357.11 percent over the previous five years.
