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Multibagger Stock : Shares of Tata Motors Ltd rose 5.5 per cent to a high of Rs 524.9 on the BSE on Monday. In the last one month, the share price has increased from Rs 299 to Rs 524.90. The return of about 75 percent has been given in this period.
Tata Motors today launched its new SUV Punch. The Punch is the latest addition to the automaker’s popular ‘New Forever’ range of cars and SUVs. It was unveiled by the Mumbai-based auto giant on October 4 this year. The rally in the company’s stock came after it said it would raise $1 billion (Rs 7,500 crore) in its passenger electric vehicle (EV) business from TPG Rise Climate at a valuation of up to $9.1 billion.
On Monday, the stock closed 2.44 percent higher at Rs 509.60 against the previous closing of Rs 497.45 on BSE. The market cap of the firm increased to Rs 1,69,202.88 crore. It has gained 299 per cent in one year and has gained 177 per cent since the beginning of this year.
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