Bullish sentiment fuels Tata Motors rally, stock ends at Rs 1,039.30 today

The stock regained strength to finally settle at Rs 1039.30, still posting a handsome gain of 2.13% over its last close.

Tata Motors shares witnessed robust buying interest on Thursday, with the stock price rallying over 2% during the session. The counter kicked off the day on a strong footing, opening higher at Rs 1025 compared to the previous close of Rs 1017.65. Bullish sentiment prevailed as buying momentum pushed the price higher to an intraday high of Rs 1047.

 

However, some profit-booking emerged at higher levels, capping the up move temporarily. Tata Motors slipped to an intraday low of Rs 1014.05. The stock regained strength to finally settle at Rs 1039.30, still posting a handsome gain of 2.13% over its last close.

 

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The surge was backed by trading volumes of Rs 175,403.51 lakhs. As of Thursday’s close, Tata Motors commands a market capitalization of around Rs 345,385 crores.