Rekha Jhunjhunwala experienced a significant boost in her net worth today, thanks to the surge in the Tata Motors share price. Tata Motor’s share price surged up over 2% on Friday to hit an intraday high of ₹629.40.
Rekha Jhunjhunwala owns 1.6% or 5.22 crore shares of Tata Motors. On the previous day, when the stock closed at ₹614.10, the value of her holding was around ₹3,209 crore. Today, with the stock’s high at ₹629.40, her stake’s value surged to ₹3,288 crore. An increase of around ₹79 crore.
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The company earlier this month, increased the price of its commercial vehicles. The automotive giant announced on Monday evening that it will implement a price hike of up to 3% for its commercial vehicles. This price adjustment is set to take effect from October 1st. The company clarified that this increase in prices is aimed at mitigating the lingering effects of previous input cost fluctuations, and it will be applied to the entire fleet of its commercial vehicles.
Price Action: Tata Motor’s share price was trading 2.20% higher at ₹627.60 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 article.
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