This Tata group stock made investors richer by Rs 42,722 crore in 1 week; any guesses?
A Tata group stock just made investors richer by Rs 42,722 crore this week. Can you guess its name? Here's a hint. It also hit an all-time high on Friday, July 26, and is up 41 per cent already so far in 2024. No, it's not Titan. It's not Voltas. Not even Rallis India. Keep guessing.
A Tata group stock finished the week ended July 26 in style, registering a weekly gain of 13 per cent and making investors wealthier by Rs 42,721.9 crore. It also scaled an all-time high with handsome volumes in intraday trade minutes before the closing bell on Friday. Any guesses?
TOP PERFORMING TATA GROUP STOCK THIS WEEK
The stock gained by Rs 128.5 - or 13.0 per cent - for the week, settling at Rs 1,118.4 per share.
TOP PERFORMING TATA GROUP STOCK THIS WEEK
It was the top weekly gainer in the Sensex, Nifty, Nifty 100, and BSE 100 universes.
TOP PERFORMING TATA GROUP STOCK THIS WEEK
It was among the top three gainers in the BSE 200 and Nifty 200 baskets, and among the top 10 in the BSE 500 pack.
To put things into perspective, 20 shares in Tata Motors held last week have appreciated by Rs 2,570 now
If you held 20 shares in the stock, worth Rs 19,798 at the closing price of July 19 (last Friday), they would be worth Rs 22,368 at the closing price of July 26. That's a profit of Rs 2,570 in a week.
Any guesses now?
The stock we are talking about is Tata Motors.
Kudos to you if you guessed it correctly.
MARKET VALUE CHECK
As of July 26, the market capitalisation - also known as market cap or mcap, essentially meaning market value - of Tata Motors stands at Rs 3,71,829.8 crore, as against Rs 3,29,107.9 crore at the end of trade on July 19, according to provistional exchange data.
TOP PERFORMING TATA GROUP STOCK THIS WEEK
That means that Tata Motors' market value - or the total value of the Tata group auto giant's outstanding shares - has grown by Rs 42,721.9 crore during the week.
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TATA MOTORS SHARES | Historical returns
As of July 26, Tata Motors shares have rewarded investors with a 33 per cent return in six months, 41 per cent so far in 2024, and 73 per cent in a year.
For the week, Tata Motors stock outperformed both Nifty50 & Nifty Auto
For the week, the headline Nifty50 index gained 1.2 per cent while the auto index rose 5.2 per cent.