The Christmas eve is showering bliss on some shares at Dalal Street. One of them is Tata Motors. The Tata Group’s motor arm saw its shares surge by over 1 per cent. This came to pass after IPO-bound Tata Capital said it would raise USD 2 billion from the overseas debt market.
Tata Capital To Raise USD 2 billion
The company merged with Tata Motors Finance. This made company 12 the largest NBFC in the country, in the market, where NBFCs have grown in significance.
As per the Reserve Bank of India regulations, Tata Capital is expected to go public in September 2025.
As a result of this, the Tata Motors shares have surged at the bourse. The company is one of the largest automakers in the country. In fact, in the previous month, November, Tata Motors recorded sales of over 74,000 units, coming in at third position, behind Mahindra and market leader Maruti Suzuki.
Tata Motors Shares Jump
This surge comes at an important time for the company shares as in the past month of trade the company shares have witnessed significant amount of decline.
In the past 5 trading sessions, Tata Motors shares dipped by 3.09 per cent or Rs 23.50.
In the past month of trade, the company shares declined by a major 7.38 per cent or Rs 58.80.
When we look at the progress achieved in the trade on Tuesday, December 24, the rise in the shares has managed to offset the deficit experienced in the recent past.
On Tuesday, Tata Motors opened at Rs 723.50, slightly higher than the previous Rs 722.20. The surge also increased thereafter.
At 13:07 IST, the shares of Tata Motors marked gains of 2.04 per cent or Rs 14.70. This took the overall value of the Tata Motors shares to Rs 736.90. Company 52-week-high stands at Rs 1,179.00 per share.
