Tata Motors’ market capitalisation (market cap) crossed Rs 3 trillion after the stock price of the company along with Tata Motors DVR hit a new high on the bourses. A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trade today. 

Tata Motors Share Price: Tata Motors’ became the third Tata company to have crossed Rs 3 lakh crore market capitalisation after the stock price of the company along with Tata Motors DVR hit a new high on the bourses.

A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trade today. Shares of Tata Motors (Rs 825.15) and DVR (Rs 549.50) are up 1.5 per cent, hitting a new high. In comparison, the S&P BSE Sensex was down 0.13 per cent at 73,231 at 09:28 AM.

Yesterday, Tata Motors informed the BSE that the meeting of the board of directors of the company is scheduled on 02/02/2024, for considering and approving the audited standalone financial results and unaudited consolidated financial results (With limited review) For the third quarter and nine months ended December 31, 2023.

In a report last week, JPMorgan said that one of the primary reasons behind the upgrade on Tata Motors was the better-than-expected margin and free-cash-flow (FCF) delivery at Jaguar Land Rover (JLR). JLR reported a free cash flow of £300 million during the September quarter.

Other analysts are also bullish on the Tata Group stock.