Tata Motors overtakes Maruti Suzuki in Market Cap: Tata Motors has once again become the most valuable auto company in the country, surpassing Maruti Suzuki, thanks to the tremendous rise in its shares. The company’s shares closed at Rs 1,091.05 on Thursday with a gain of more than 6 per cent due to heavy demand in the market. This is the biggest single-day rise in the company’s stock since January 2023. Due to this rise, the market cap of Tata Motors reached Rs 4 lakh crore by the time the market closed on Thursday, which is about Rs 8 thousand crore more than Maruti Suzuki’s market cap of about Rs 3.92 lakh crore.
3.75% rise so far this year
Tata Motors shares rose sharply on Thursday. During the day’s trading, Tata Motors shares rose 6.46 percent to reach a 52-week high of Rs 1,094.10. Tata Motors shares were the biggest gainer among all the shares of BSE Sensex and NSE Nifty. Since the beginning of this year, Tata Motors shares have risen by about 37.75 percent. Due to this rise, the company’s market cap has reached Rs 4 lakh crore. This valuation also includes the valuation of Tata Motors’ DVR (Differential Voting Rights) shares of about Rs 38,000 crore.
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M&M’s market cap is around Rs 3.37 lakh crore
Compared to Tata Motors, till the market closed on Thursday, Maruti Suzuki’s market capitalization was around Rs 3.92 lakh crore, which is about Rs 8 thousand crore less than Tata Motors. Tata Motors has again become the most valuable auto company in the country after about five months. Maruti Suzuki had overtaken Tata Motors in March this year. The third largest auto maker company in terms of market cap in the country is Mahindra & Mahindra (M&M), whose market cap was around Rs 3.37 lakh crore at the market close on Thursday. The three major auto companies have about 50 percent share in the market valuation of Nifty Auto.
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Rise after Nomura’s upgrade
The recent rise in Tata Motors shares started after Japanese brokerage firm Nomura upgraded it. Nomura has upgraded Tata Motors stock from “Neutral” to “Buy”. Nomura believes that the company can get a lot of benefit from Jaguar Land Rover (JLR), which can further increase its profit margin.