Big update about Tata Motors (Tata Motors share news):-
A big update (Tata Motors Share News) is coming out about Tata Motors, as well as a deal worth crores has also been received by Tata Motors. The Chief Financial Officer has given a new target for Tata Motors. Know all the news details and is it the right time to buy Tata Motors? They will also know.
Tata Motors last trading closed at Rs 312 on 21 May and closed up almost 1.5 percent. Talking about its high, it went above 315. If we look at the volume, then there is a trade in NSE around 4 cr. People have kept the delivery with themselves about 14% of the shares.
The biggest block deal that happened yesterday, Rakesh Jhunjhunwala, his wife Rekha Jhunjhunwala, who is called the Big Bull of the Indian stock market, has bought about 1 lakh shares of Tata Motors for Rs 312.43.
Tata Motors got a deal worth crores:-
In this Corona period, Tata Motors’ company has got a deal worth 44 crores, in which they have to supply 300 new electric vehicles. In such a bad time, the company will get such a deal, along with the company, you will also get to see its benefit in the coming results. Tata Nexon and Tata Tigor of Tata Motors are completely matched in the criteria set in the deal. Also, Tata Motors will soon bring new updated versions of its Tata Tigor. This company, which has got a deal worth 44 crores, got it on May 21, its effect can be found in the stock on Monday.
Jamshedpur plant will be opened:-
In view of the corona epidemic across the country, it was decided that the Jamshedpur plant would remain closed from May 18 to May 22. This plant will be seen opening from tomorrow, in which you will get to see the manufacturing of Cars, Truck, Electric Vehicle. Who does not know the Jamshedpur plant of Tata Motors is the biggest plant. Inside it, mini trucks are seen manufacturing within every 5 minutes.
Chief Financial Officer’s new target for Tata Motors:-
The Chief Financial Officer has said that in the coming times, Tata Motors is going to be completely dependent on electric vehicles. Cable was 0.2% in 2019 but has increased to 2% in 2021, and in the future these numbers are going to see 10% to 15% by 2030.
Is it the right time to buy Tata Motors?
Yes, if your vision is for a long time, then you can keep the thinking of investing in this stock. The coming time is of Electric Vehicle. The share price which is getting in the seed of 300-350 now, you can get to see these shares in 4 digits in future. You can buy whenever the stock comes down, it can definitely give profit in future.
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