Image Credits- Business Today
Tata Motors witnessed a sharp increase on Tuesday, 5th March, 2024, with the stock price surging over 8% during the session. The shares kick-started the day on a strong note, opening at Rs 1027 against the previous close of Rs 987.20. Buying momentum remained robust right from the start, pushing the price higher to an intraday high of Rs 1065.60. The intraday low was marked at Rs 1005.35. Tata Motors finally settled with a handsome gain of 3.51%.
The surge was backed by significant trading volumes of Rs 6,11,208.95 lakhs, well above the 20-day average volume of around Rs 8,021.71 lakhs.
The strong price performance reflects investors’ optimism surrounding Tata Motors’ prospects. The strong domestic sales numbers and improving semiconductor supplies have also fuelled positive sentiment.
As of Tuesday’s close, Tata Motors commands a substantial market capitalization of approximately Rs 3,39,603 crores cementing its position as one of India’s most valuable automobile companies.
