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.
See Also: When Will Tata Power Share Price Go Up?
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.
Get all the latest Share Market trends and news to set you up for the week ahead.
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.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.