Tata Motors shares gained 1.64% to Rs 1,029.60 against the previous close of Rs 1012.95 on BSE. The stock touched its 52 week high of Rs 1065.60 on March 5, 2024.
After claiming last week that Tata Sons listing was imminent, reports now say an IPO is improbable in near future and the company is exploring other options to adhere to RBI norms
Shares of Tata Motors Ltd approached their record high today after global brokerage JPMorgan upgraded shares of the Tata Group firm to overweight from the earlier stance of neutral. The brokerage revised its price target on Tata Motors to Rs 925 apiece from the Rs 680 earlier. Tata Motors stock gained 2.62% to a high of Rs 801.85 on BSE. Tata Motors stock opened higher at Rs 797.25 on Thursday. Market cap of the firm rose to Rs 2.64 lakh crore. Total 4.72 lakh shares changed hands amounting to a high turnover of Rs 37.72 crore on BSE. Tata Motors stock hit a 52-week low of Rs 381 on January 6, 2023 and a record high of Rs 804 on January 2, 2024.