Tata Motors one of the top car brands in India became the most valuable automobile company on Tuesday with a combined market capitalization of Rs. 3.146 lakh crore.
Tata Motors shares witnessed resilient performance surging by 2.19% to settle at Rs 859.25 on the Bombay Stock Exchange.
The stock reached the height of Rs 886.30 during the day, making a 5.40% surge and attaining its 52-week high.
The associated Tata Motors Ltd – DVR stock experienced a rise of 1.63%, closing at Rs 572.65. In comparison, Maruti Suzuki India faced a small dip of 0.36%, settling at Rs 9,975.25.
The collective market valuation of Tata Motors is Rs 2,85,515.64 crore and Tata Motors Ltd – DVR Rs 29,119.42 crore reached Rs 3,14,635.06 crore.
The valuation exceeded Maruti’s by Rs 1,576.56 crore, with Maruti’s market capitalization standing at Rs 3,13,058.50 crore.
TM emerged as the top performer among both Sensex and Nifty firms during this period.
Differential Voting Rights, similar to ordinary equity shares but with distinct voting rights contributed to Tata Motor’s ascendancy.
Tata Motors Share Returns
Tata Motors has given a stellar performance in the stock market over the last three months the shares have surged, delivering a remarkable return of more than 36% according to BSE analytics.
In the last 6 months, the momentum continues with a substantial gain of 93.72% displaying the company’s resilient financial standing.
The investors who hold TM shares for the long term have gained significant rewards, with an outstanding return of 227.21% in the last 3 years and an impressive 392.97% in the last 5 years.
Maruti Suzuki India Returns
In contrast, Maruti Suzuki India has posted praiseworthy returns. Maruti Suzuki shareholders have received solid returns of 12.91%. The positive trend continues to give an extreme return of 16.42% in the last 2 years indicating stable growth. In the last 5-year tenure, Maruti Suzuki India shares have given a huge return of Rs 52.53%.