Shares of Tata Motors and Titan Company rose by more than three percent
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New Delhi: Today, on the last trading day of the week of profit-booking, there was a huge fall in the stock market. The benchmark BSE Sensex closed with a fall of over 500 points. But two companies of Tata Group made investors happy. Shares of Tata Motors and Titan gained more than three per cent on the last trading day of the week. During the trading, both the stocks reached the top of 52 weeks. With this, the market cap of Tata Motors also crossed Rs 2 lakh crore. The company’s stock closed at Rs 618.45, up 2.94 per cent. On the other hand, Titan’s stock closed at Rs 3144.75 with a gain of 1.26%.
Tata Motors’ UK unit JLR (JLR) sales have increased by 30 percent in the first quarter. The company sold 93,253 vehicles during this period. Due to this, Tata Motors shares reached Rs 624.65 in the last hour of trade, which is its 52-week high. It has gained 42 per cent this year, while it has gained 462 per cent in the last three years. With this, the market cap of the company has reached Rs 2,05,417.59 crore. Tata Motors is the third Tata Group company to achieve a market cap of more than Rs 2 lakh crore. Earlier TCS and Titan have achieved this feat.Titan speed
Tata Motors’ UK unit JLR (JLR) sales have increased by 30 percent in the first quarter. The company sold 93,253 vehicles during this period. Due to this, Tata Motors shares reached Rs 624.65 in the last hour of trade, which is its 52-week high. It has gained 42 per cent this year, while it has gained 462 per cent in the last three years. With this, the market cap of the company has reached Rs 2,05,417.59 crore. Tata Motors is the third Tata Group company to achieve a market cap of more than Rs 2 lakh crore. Earlier TCS and Titan have achieved this feat.
Titan speed
Shares of Titan Company also gained more than three per cent during the trading. It went up to Rs 3211.10, which is its 52-week high. Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, has a 5.29 per cent stake in the company. Motilal Oswal has a buy rating on Titan with a target price of Rs 3,325. Titan’s annual sales have increased by 20 percent. Double digit growth has been seen in all the businesses. The company opened 68 new stores in the June quarter, taking the number to 2,778.
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