DelhiDesk Shares of Tata Motors have surged over 5% to Rs 501.75 on the NSE intraday, its 52-week high, ahead of the announcement of its quarterly results on May 12. The stock is up nearly 9% in the last month and 24% in the last year. Rekha Jhunjhunwala, who is managing her late husband’s portfolio, holds a 1.57% stake in the company, according to the shareholding pattern of Tata Motors in the March quarter. The company is also expected to announce a dividend along with its quarterly results and its consolidated revenue is expected to rise by 37%, according to MK Global.
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👉 Shares of Tata Motors climbed over 5% to Rs 501.75 on the NSE intraday, which is its 52-week high.
👉 The company is going to announce the quarterly results on May 12, amidst the expectation of better results.
👉 This stock is also in the portfolio of Rekha Jhunjhunwala, who holds 1.57% stake.
👉 Tata Motors stock has gained nearly 9% in the last one month and has the potential to rise further by about 9%.
👉 S&P Global Ratings has upgraded its long term rating on Tata Motors to speculative grade ‘BB’ with a stable outlook on earnings improvement and potential deleveraging.
👉 The company is going to announce dividend along with the announcement of March quarter and full FY23 results.
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