Tata Motors values passenger vehicle business at Rs 9,417 crore; shares jump over 5%

https://ift.tt/eA8V8J The share price of Tata Motors extended rally to hit a fresh 52-week high of Rs 341.50 apiece, gaining almost 6 percent on Wednesday after the company valued its passenger vehicle business at Rs 9,417 crore. The stock price of Tata Motors has gained over 22 percent in the last one week, while it has jumped more than 144 percent in last three months on the back of strong sales growth and recovery in the commercial vehicle business. The stock is up 78.27 percent YTD. In the previous session, Tata Motors' shares settled 17 percent higher led by better-than-expected December quarter earnings and the government’s announcement of the scrappage policy in the Budget 2021.

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