If You Invested ₹10,000 In Tata Motors A Year Ago, Here's How Much You'd Have Today

Tata Motors overthrew Maruti Suzuki again on Monday to reclaim the spot as the country’s biggest automaker by market cap. Shares of the Tata Group surged up over 8% to hit an all-time high of ₹950. Over the last year, Tata Motors’ share price has been on a great bull run beating the returns of all other NIfty 50 stocks.

The Investment: If you had invested in Tata Motors a year ago, you would have recieved around 22 shares of the auto giant, as stock trade at around ₹440. Today with the stock hitting all-time high of ₹950, those share would be worth around ₹20,900.

Tata Motors Q3 Earnings: The Tata Group company reported a surge in consolidated net profit for the quarter ended December, increasing by 137.5% to ₹7,025.11 crore compared to ₹2,958 crore in the year-ago period. This surpassed street estimates, which had been around ₹4,400 crore. The company’s revenue for the October-December period grew by 24.9% year-on-year to ₹1.10 lakh crore, largely aligning with street estimates.

See Also: Rekha Jhunjhunwala-Backed Small Cap Stock Jumps 11% After Winning Order In Saudi Arabia

Here’s how brokerage reacted to the company’s results

Analyst FirmRatingTarget Price
Goldman SachsBuy₹960
Motilal OswalBuy₹1,000

Price Action: Tata Motors' share price was up 7.31% to trade at ₹943 on Monday. 

Read Next: Why This Large Cap Defence Stock Is Climbing Today

Engineered by Benzinga Neuro, Edited by Utkarsh Roshan

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesMarketsTata Motors