Tata Motors’ shares touch fresh 52-week high; stock surges 2.38% Today!

Today shares of Tata Motors hit fresh 52 week high at Rs 589.95. Yesterday the script was closed at Rs 573.05, today it was opened at Rs 579.95 and closed around 586.70 up by 2.38%. Shares of the company are hitting back-to-back 52 week high in past few trading sessions following a positive market sentiment among investors. 

The BSE group ‘A’ stock of face value Rs 2 and market capitalization of around Rs 1,94,500 crore. 

The Tata Motors Group is a leading global automobile manufacturer, offering an extensive portfolio of smart, integrated, and e-mobility solutions encompassing cars, utility vehicles, trucks and buses. In FY23, Tata Motors became India’s second company, after Reliance Industries, to cross the Rs 1 lakh crore mark in revenue in single quarter. Here are some highlights from Annual report FY23.  

Company has net sales of Rs 3,45,967 crore in FY23 increased by 24.2% and profit of Rs 2690 crore from net loss of 11,307 in FY22.    

Total 13,35,819 unit of vehicle sold distributed as for Commercial Vehicles by 4,22,637 units, Passenger vehicles by 5,40,965, Jaguar and Land Rover by 3,72,217 and Eclectic vehicles by 50,043. 

Company has achieved the 50K sales mark for India’s bestselling EV, the Nexon EV. Since its launch in 2020, the Nexon EV has revolutionised the EV market in India by offering people first-hand EV experience as the vehicle of choice in their house, capable of covering long distances.  

Company believes its strength are Strong brand presence, Delivering future ready vehicles, Strong focus on quality and safety and Strategic partnerships. 

Company has wide range of offering of vehicles in all the segments. Company is focusing in EV and increasing range of vehicles in all segments and it has also stared focusing in new fuel in market Hydrogen by showing concepts in Auto Expo 2023. 

Company stands strong with 25 manufacturing sites across the world with 3 R&D sites in India, 1 Europe and 3 in UK.