Tata Motors shares hit highest on Sensex

The share prices of Tata Motors hit high on Monday morning, gaining 1.95 percent to a high of Rs796 on Bombay Stock Exchange. The stock price hit a 52-week low of Rs381 on January 6, 2023 and a record high of Rs802.50 on December 29, 2023.

Tata Motors shares hit highest on Sensex

The total market capital of the firm rose to Rs2.63 lakh crore. Around 6.52 lakh shares are sold, amounting to a high turnover of Rs51.59 crore on BSE. As per technical terms, the relative strength index [RSI] of Tata Motors stood at 75.3 indicating an overbought trading perspective.

The Tata Group firm reported a net profit of Rs3,764 crore in the September quarter against a loss of Rs944.61 crore in the previous year's same month quarter. The company's revenue has climbed 32 percent to Rs1.04 lakh crore in Q2 against Rs78,846 crore in the corresponding period of the preceding fiscal. Also the operating margin has rose to 13.19 percent in the September quarter against 7.67 percent in the same previous month.

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The current data of the stock market shows the company's stock price to be Rs791.6, with a percent change of 1.39 and a net change of 10.85 which indicates the stock prices to be increased by 1.39 percent or 10.85 points. The total equity of the company is $5.7 billion as of 2023 whereas operating income is %880 million and net income is settled down at $300 million.

It is a multinational automotive company, headquartered in Mumbai and its parent company is Tata Group. The company is listed on the BSE, where it is a constituent of the BSE Sensex index, the NSE of India and the New York Stock Exchange.

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The stock is currently trading at 791.6 per share while yesterday it closed at 780.75 per share. The volume for BSE shares of Tata Motors is 3,504,270. The trend is currently tagged as bullish with good high expectations of future sustained growth.

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