The Tata group stock, which is a Rakesh Jhunjhunwala portfolio stock too,
opened today with an upside gap of 5.05 per share and went on climb
its 52-week new high logging around 9 per cent rise from its yesterday’s close at NSE.
However, stock market experts are still bullish on the counter and expecting further upside in this auto stock.
Tata Motors share price today climbed to its new 52-week high of ₹368.40 apiece and became second most
Nifty-50 gainer today in early morning trade session.
According to stock market experts,
Tata Motors is showing a turnaround story on the backdrop of the E-vehicle segment.
It is one of the quality stocks that has remained sideways in the recent Bull Run at Indian markets.
They said that both technical and fundamentals are supporting rally in this auto counter and
one should buy this stock for the target of ₹450 apiece — around 25 per cent higher from its current price of near ₹365 apiece.
Rakesh Jhunjhunwala shareholding in Tata Motors
As per the shareholding pattern of Tata Motors for Q2FY22, Big Bull owns 1.14 per cent stake in Tata Motors.