If You Invested In Tata Motors Instead Of Buying That Car This New Year, Here's How Much You'd Have Today

The share price of Tata Motors has been on a dream run this past few weeks. The stock has been hitting new 52-week highs and the company’s strong earnings for the March quarter have added to the positive sentiment.

What Happened: Tata Motors’ share price climbed up over 4% today to hit a new 52-week high of ₹537.15. The Rekha Jhunjhunwala invested stock has gone up over 12% in the past month.

The company posted its earnings for the March quarter last week. The automobile giant saw its revenue surge 35.1% year-over-year to ₹1.05 lakh crore, and net profit for the quarter stood at ₹5,407.8 crore, up 82.84% from the December quarter. The company also announced a ₹2/share dividend for the first time in seven years.

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So, with this dream run here’s how much you would have today if you bought Tata Motors share instead of that car for New Year’s.

Now the automobile major makes a bunch of cars including Nexon, Punch, Harrier, and Safari. For the purpose of this article, let’s take the example of Tata Nexon. So, a Tata Nexon would have cost you anywhere around ₹8 lakhs to ₹15 lakhs depending on the make/model and the state you make the purchases in.

Now, if you invested ₹8 lakhs in Tata Motors on Jan 2, 2023, when the stock closed at ₹394.80, you would have received around 2,025 shares of the company. Since then, Tata Motors’ share price has climbed up over 32%, so the value of your initial investment would have surged up to ₹10.87 lakh.

Price Action: Tata Motors’ share price was up 3.45% to trade at ₹533.75 in the late hours of trading on Monday.

Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

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