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Tata Motors shares could rise above Rs 500 despite chip shortages, here s why

Rs 65 to Rs 460 in two years: More upside left in this Jhunjhunwala stock?

Shares of Tata Motors have zoomed over 600 per cent in nearly 2.5 years from the low they hit after the Modi government imposed first coronavirus lockdown in March 2020. On April 3, 2020, the stock closed at Rs 65.30. It trades at Rs 460 level today, translating into returns of 604 percent during the period. Late investor Rakesh Jhunjhunwala held 1.09 per cent or 3.62 crore shares in the firm at the end of June quarter of the current fiscal.

Tata Motors shares zoomed 600% in over two years, what lies ahead?

Shares of Tata Motors have zoomed over 600 per cent in nearly 2.5 years from the low they hit after the Modi government imposed first coronavirus lockdown in March 2020. On April 3, 2020, the stock closed at Rs 65.30. It trades at Rs 460 level today, translating into returns of 604 percent during the period. Late investor Rakesh Jhunjhunwala held 1.09 per cent or 3.62 crore shares in the firm at the end of June quarter of the current fiscal.

Tata Motors shares trading flat ahead of Q1 earnings, here s what to expect

Tata Motors stock was trading flat ahead of the firm's Q1 earnings today. The large cap stock rose 0.52 per cent to Rs 443.5 on BSE. The share opened flat at Rs 441.45 against the previous close of Rs 441.05 today. Shares of Tata Motors were trading higher than 20-day, 50-day and 100-day moving averages but lower than 5-day and 200-day moving averages.

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