Rekha Jhunjhunwala saw a significant increase in her wealth today, as Tata Motors‘ stock reached a new all-time high. Tata Motor’s share price surged up close to 2% to hit a new all-time high of ₹827.
With the surge, Tata Motors achieved a milestone as its market capitalization, combined with Tata Motors DVR, surpassed the ₹3 lakh crore mark for the first time The individual market caps for Tata Motors and Tata Motors DVR reached around ₹2.73 lakh crore and ₹27,940 crore, respectively, contributing to a total market cap of ₹3.02 trillion during intra-day trading.
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Shares of the auto giant are soaring as Morgan Stanley included the stock in its preferred OEM picks along with Mahindra & Mahindra and Ashok Leyland in the auto sector report.
Jhunjhunwala holds a 1.6% stake in Tata Motors, equating to 53,256,000 shares. The stock’s previous close was at ₹812.45, valuing her holdings at ₹4,326.78 crore. However, with the stock hitting an all-time high of ₹827.00 today, the value of her stake rose to ₹4,404.27 crore.
Price Action: Tata Motor’s share price was up 1.16% to trade at ₹821.90 in early trade on Tuesday.
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