Tata Motors stock doubles in a year
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New Delhi: Tata Motors stock has doubled in the last one year compared to a little over 19 per cent returns for the Nifty. Tata Motors stock made a new high of Rs802 on Friday and its 52 week low was Rs381. Tata Motors has given a return of 79.6 per cent above the Nifty returns.
In a letter to group employees for the new-year 2024, N Chandrasekaran, Chairman of Tata Sons, said: “This year, it has been immensely satisfying to see our commitment to innovation and progress show up so clearly in our financial results. In 2023, the combined market capitalisation of Tata Group companies increased by 32 per cent, nearly double the rate of the Sensex, which rose by 17 per cent.”
He added: “I am thrilled that in this difficult global context, our Group performed admirably in 2023. Our transformation -- following the principles of Simplification, Synergy, Scale, Sustainability, Supply Chain and AI -- has progressed well across our companies. There are too many successes to list here.”
