Rekha Jhunjhunwala experienced a notable increase in her net worth today, thanks to the impressive performance of the Tata Motors stock. Tata Motor’s share price went up over 1% to hit an intraday high of ₹625.85
Jhunjhunwala owns 1.6% or 5.22 crore shares of Tata Motors. On the previous day, when the stock closed at ₹614.90, the value of her holding was ₹3,212.09 crore. Today, with the stock’s high at ₹625.85, her stake’s value surged up to ₹3,270.44 crore.
See Also: Why This Tata Stock Is Upbeat Today
Tata Motors’s shares have been on a dream run this year. The stock has gone up over 40% in the past six months. The company’s subsidiary Jaguar Land Rover’s performance has been a major factor in the stock’s rally.
Earlier this week, the company announced that JLR was extending its partnership with world leader TCS, to accelerate digital transformation across its business. The deal, which will help JLR create a simplified and leading-edge IT infrastructure, is worth more than £800 million over the next five years.
Price Action: Tata Motor’s share price was up 1.44% to trade at ₹623.75 in early trade on Friday.
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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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