Rs 65 To Rs 560: Tata Group Stock That Delivered 761.54% Returns In 3 Years

Tata Group stock, Tata Motors offered attractive returns to investors over the years in last 3 years tenure. Tata Motors share declined to Rs 65.30 per share on April 3, 2020 during Covid-19 time. From April 3, 2020 to June 23, 2023, the stock delivered 761.54% returns. The company declared its first dividend after nearly 7-years. Tata Motors recommended 100% final dividend on May 12, 2023. Tata Motors shares already soared 48% in first six months of 2023. Check details below:

Tata Motors Dividend In 2023: Board of directors of the company in its BSE filing stated, "We would like to inform that the Board of Directors at its Meeting held today has recommended declaration of final dividend of ₹2 per Ordinary Share of ₹2 each (@100%) and ₹2.10 per 'A' Ordinary Share of Rs 2 each (@105%) for the financial year ended March 31, 2023. The dividend, if declared at the AGM, shall be paid to the eligible shareholders from August 14, 2023 onwards."

Record Date For Dividend: It is worth noting that Tata Motors fixed Saturday, July 29, 2023 as the record date for the purpose of determining the entitlement of members to receive final dividend for the financial year ended March 31, 2023.

The previous dividend was announced in 2016 on May 30 at 0.20 per equity share. If current market price of Tata Motors is taken into consideration, it results in a dividend yield of 0.36%.

Tata Motors Q4 Results: It declared its consolidated net profit at Rs 5,408 crore for the January to March quarter as against the loss of Rs 1,033 crore in the year-ago period. Tata Motor's revenue from operations soared 35% to Rs 1.06 lakh crore in Q4FY23 as against Rs 78,439 crore in Q4 FY22.

PB Balaji, Group Chief Financial Officer, Tata Motors said: "The year ended on a strong note with all automotive verticals delivering robust performances leading to multiple all-time high achievements. The distinct strategy employed by each business is delivering, in unison, leading to a sharp improvement in overall results. We remain confident on growth with cash flow generation, to achieve our stated goals."

Tata Motors Stock Performance & Return Over Years: Current market price of Tata Motors share is Rs 560.75 per share with an intraday fall of 1.50%. Its 52-week high price is Rs 585.95 per share and 52-week low price is Rs 375.50 per share, respectively. Its market capitalisation is Rs 1,86,252.58 crore. Tata Motors share witnessed a decline of 1.81% in last 1-week, gave return of 33%, delivered 48% in last 6-months. In last 1-year, Tata Motors stock surged 37%, gave 66% return in last 2-years, and a huge 761% return in a little more than 3-years.

Tata Motors About: Tata Motors Group is a leading global automobile manufacturer with many offerings across commercial, passenger and electric vehicles. It focuses on engineering and tech-enabled automotive solutions to bring the future of mobility closer. The company is pioneering India's Electric Vehicle transition and enjoys considerable advantage in one of the fastest growing automotive markets in the world, according to its official website.

Disclaimer: The stock delivered over 700% return in a little over 3 years. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.