This share of Tata Group rose 107% in 2021, investors became rich

Multibagger Stock: The year 2021 has given a large number of multibagger stocks. So far in 2021, investors’ money has more than doubled in the shares of Tata Motors Limited. In comparison, the Nifty 50 index has gained over 27 per cent and the S&P BSE Sensex index has gained over 25 per cent.

This multibagger stock has increased from Rs 184 to Rs 380.55. It has gained 107 per cent since the beginning of this year and has grown by 168 per cent in the last one year. The stock rose 13 per cent to hit a new 52-week high of Rs 380.55 on the Bombay Stock Exchange (BSE). It closed at Rs 378.60, up 12.68 percent from the previous closing of Rs 336. With a market capitalization of over Rs 1,25,000 crore, the shares are trading above 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

According to media reports, veteran Rakesh Jhunjhunwala has said that Tata Motors has been his biggest investment in the last 15 months. Jhunjhunwala said he has made two investments in new-age digital businesses including gaming and sports media platform, Nazara Technologies. According to the shareholding pattern for the quarter April to June 2021, Jhunjhunwala holds 1.14 per cent stake in Tata Motors.

According to Marketsmojo, the technical trend has corrected from mildly bullish on October 1, 2021 and has earned 13.29% returns since then. The stock is technically in a bullish range and many factors like RSI, MACD, Bollinger Bands and KST are bullish for the stock.

The auto company sold 55,988 units domestically in September 2021, compared to 44,410 units sold in the same month last year, registering a growth of 26 percent.

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