News Title: Tata Motors Share Price 12 JUNE 2024
🚗📈 Tata Motors Limited’s shares were trading at ₹974.60 on Monday, showing a 0.43% increase. The company recently announced a decision to merge its auto financing unit with non-banking financial company Tata Capital through a share swap deal. Tata Capital, a part of the Tata Group, is involved in providing financial services, auto loans, as well as home and educational loans.
After the completion of the deal, Tata Motors will hold a 4.7% stake in the unit formed post-merger. The company’s shares have seen a 6.90% decline in the past month but have shown a strong 23.29% growth this year.
On Tuesday, 11th June 2024, Tata Motors’ share price increased by 1.47% to ₹989.50. The next day, Wednesday, 12th June 2024, the share price rose by 0.70% to ₹994.
In March 2024, Tata Motors announced the division of its commercial vehicle business into two separate listed companies. The Jaguar Land Rover business is expected to benefit the most from this move. Technically, Tata Motors’ shares have found strong support at ₹950.
Market experts suggest setting a stop-loss at ₹917 and investing with a target price of ₹1,110 when buying Tata Motors’ shares. According to Prabhudas Lilladher Firm’s experts, the share price of Tata Motors could reach ₹1,020 in the coming days, with strong support at ₹950.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
