Tata motor share price jumped over 5 per cent to hit its fresh 52-week high of ₹886.30 in intraday trade on the BSE on Tuesday, January 30. Consequently, the stock briefly outpaced Maruti Suzuki, attaining the status of India’s most valuable automobile company based on market capitalisation (m-cap).
However, Maruti swiftly regained its status as India’s leading automobile company by market capitalisation as the shares of Tata Motors trimmed their earlier gains.
After cooling off, the price of Tata Motors’ shares increased 2.19 percent to settle at ₹859.25 on the BSE, extending the gains for a fourth straight day. Tata Motors’ market capitalization was close to ₹2.9 lakh crore at the close.
Maruti Suzuki’s market capitalization on the BSE was close to ₹3.1 lakh crore on Tuesday, when its share price ended the day down 0.30 per cent at ₹9,963.30.
In recent times, the share price of Tata Motors has been rising. Since November, the stock has shown positive monthly performance. The stock gained more than 12% in November, over 12% in December, and more than 10% in January thus far.
Since November, the share price of Tata Motors has increased by around 37% overall. On March 28, 2023, the stock fell to ₹400.40, its 52-week low. From its 52-week low, the stock has increased by almost 115% to the present market price.
The top gainers and losers in various indexes during the trading session on January 30, 2024, were:
Nifty top gainers:
Bharat Petroleum Corporation (up 2.34%)
Tata Motors (up 2.12%)
Grasim Industries (up 1.03%)
Eicher Motors (up 0.97%)
Adani Enterprises (up 0.86%)
Nifty top losers:
Bajaj Finance (down 5.21%)
Titan Company (down 3.39%)
Ultratech Cement (down 3.02%)
Bajaj Finserve (down 2.83%)
NTPC (down 2.80%)
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