Tata Motors has recently given a new brand name Tata.ev to its electric vehicles. In the last few years, ever since Tata Motors has changed the focus of its cars and launched a great model like Tata Nexon in the market, its share price is also increasing at a fast pace. In the last 2 years alone, Tata Motors shares have doubled investors' money.
Yes, exactly two years ago the share price of Tata Motors closed at Rs 298.55 on 20 September 2021. On Monday, this share of the company closed at Rs 640.85. In this way, a growth of 114.73 percent has been seen in the share price of Tata Motors.
Why are Tata Motors shares rising?
The main reason for the rise in the shares of Tata Motors is the continuous increase in the sales of the company. The company has set a target of net zero by 2040, that is, the company will focus only on electric vehicles in the future. Therefore, experts keep Tata Motors shares in the bullish range. In the coming days, Tata Motors shares may go up to the range of Rs 700.
Rs 1.13 lakh crore came into the hands of investors
If we look at the mcap of Tata Motors, then according to the per share price 2 years ago, the market cap of the company was Rs 99,320 crore. Now according to today's closing price it has become Rs 2,12,827.63 crore. If seen this way, investors of Tata Motors have earned a total of Rs 1,13,506 crore.
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