Tata Motors has been considered one of the most trusted stocks of the Tata Group. The stock has been on an impressive rally since the start of the year. Shares of the Tata Group company have gone up over 40% since the start of the year.
The Investment: If your dad had invested ₹10,000 in Tata Motors a decade ago, he would have bought approximately 37 shares. With the current market price at ₹573, that investment would now be worth approximately ₹21,201. That’s a substantial return of over 111% in just ten years.
Background: Over the last decade, Tata Motors’ share price has had a rollercoaster ride. Prior to the rally these past two years, the stock had a rough couple of years at the market. The company also declared a dividend for the first time this year after a gap of seven years.
Shares of the automobile giant are upbeat today as the Securities and Exchange Board of India (SEBI) gave its nod to the Tata Technologies IPO, which is set to mark the Tata Group's first public issue in nearly two decades.
The IPO which will consist entirely of an offer for sale (OFS), will see Tata Motors offloading 8.11 crore shares of its subsidiary.
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Price Action: Tata Motors' share price was up 0.93% to trade at ₹573.15 in the late hours of trading on Tuesday.
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Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
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