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Tata Motors Commercial Vehicles shares vroom 8% amid mega Sensex, Nifty rally | Time to book profits or hold? Details

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In short

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.

This article is being updated

Disclaimer: We advise investors to check with certified experts before making any investment decisions.

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