tata motors share price, investors panic, stocks take a storm on a news; Have you taken this share! – Tata motors share price stock jumps nearly 8 percent in early trade reaches to 7-month high
Today’s movement of Tata Motors shares
Tata Motors stock has been bullish in the last six trading sessions and is the top gainer in the Nifty50 index and the biggest gainer in the Nifty Auto index. Shares of Tata Motors rose more than 8% on the first trading day of the week today, Monday. As a result, the company’s shares hit a six-month high of Rs 473.10 on the BSE. Shares of the company were trading at Rs 469.70 around 10.20 am.
The confidence of experts increased
Brokerage firm Goldman Sachs has raised its target price on Tata Motors and set a new target price of Rs 550 for the company. Earlier, the target price of Tata Motors was Rs 480 per share. The shares of the company have gained more than 18% in the last six months. Apart from this, another brokerage firm Nomura has given a buy recommendation on Tata Motors shares with a price target of Rs 508 while CLSA has given a buy recommendation on Tata Motors with a price target of Rs 544.
Tata Motors Q4 Results
Jaguar Land Rover’s wholesale business grew by 16% and retail business grew by 21% quarter-on-quarter in the fourth quarter of last fiscal, the company said in a filing to the stock market. Also, the company’s retail business grew by 30 percent year-on-year in the fourth quarter.
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