Shares of the automaker, previously recognized as Tata Motors Commercial Vehicle, recorded substantial gains exceeding 8% on Thursday amid an overarching market advance. On the National Stock Exchange, trading commenced higher at ₹421 compared to Wednesday's closing mark of ₹402. The equity continued its upward path throughout the session, ultimately climbing to touch an intraday peak of ₹436.90. This aggressive advance directly mirrored the mega rally observed in the benchmark Sensex and Nifty indices.
Key points
Broad market strength in the Sensex and Nifty fueled heavy buying interest in the automak…: Broad market strength in the Sensex and Nifty fueled heavy buying interest in the automaker's shares.
The stock sustained a solid gap up from Wednesday's closing level to deliver strong singl…: The stock sustained a solid gap up from Wednesday's closing level to deliver strong single-day returns.
Investors experienced heightened volatility as the counter advanced through multiple intr…: Investors experienced heightened volatility as the counter advanced through multiple intraday resistance points following its initial morning trade.
Sources checked by our analysis pipeline: 1
Tata Motors (formerly known as Tata Motors Commercial Vehicle) share price jumped over 8% in Thursday's trading session amid positive sentiments on Dalal Street.
Tata Motors shares opened at ₹421 per share on NSE today, as compared to previous close of ₹402 on Wednesday and touched an intraday high of ₹436.90 on 5 November.
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