This Tata Group Stock Which Hit New 52-Week High Today Has Rallied Over 100% This Year; Do You Own?

The share price of Tata Group stock Tata Motors traded at a new 52-week high value of 802.60 on Friday. Today, was the third consecutive day when Tata Motors shares touched their new 52-week high. Before this, the stock hit a new 52-week high on December 27 and December 28 at 741.80 and 757.85 respectively. Currently, Tata Motors' stock price has a 52-week high and 52-week low of 802.60 and 381 respectively.

At 12:55 am IST today, the share price of Tata Motors is trading 4.64% higher at Rs 789.20 per share. At this price, the company commands a market capitalization of Rs 2,62,255.71 crore.

Tata Motors, India's largest commercial vehicle manufacturer, announced that it will increase the price of its commercial vehicles effective January 1, 2024, up to 3%. The price increase is to offset the residual impact of the past input costs and will be applicable across the entire range of commercial vehicles.

Tata Motors is currently the largest EV player by market share. Tata Motors shares surged after Reuters reported that the centre was considering over the details of the new electric vehicle (EV) policy. Further, the policy would be framed in a way to promote EV manufacturing in the Indian market, according to the report.

Meanwhile, reports have also suggested that Tata Motors is strengthening its foray in the electric SUV segment and is gearing up for a series of electric SUVs (sport-utility vehicles) across many price segments in the coming quarters.

Tata Motors Share Price Performance:

In the last 6 months and three months, the Tata Group stock has gained 34.75% and 25.41% respectively. In this year so far, the stock has advanced 100.24%. The last one year and two-year returns from Tata Motors stock price have increased 104.86% and 66.15% respectively. In the last three years, the stock has gained 331.05%.

About Tata Motors

Part of the USD128 billion Tata group, Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With 'Connecting Aspirations' at the core of its brand promise, Tata Motors is India's market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.

The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies, and playing an active role in liaising with the Government of India in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2023, Tata Motors' operations include 88 consolidated subsidiaries, two joint operations, three joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.