Shares of Tata Motors (TATA Motors) surprised everyone on Dalal Street on Monday. Tata Motors shares rose to a 52-week high with a gain of nearly 13 percent during trading on Monday. Due to heavy volume trade, upper circuit also had to be installed. In fact, some reports have stated that Tesla will tie up with Tata Motors to sell its vehicles in India. Tesla, the world’s largest company of Elon Musk, will manufacture and sell cars using Tata facilities in India.
It was also said that Tesla has gathered complete information about this. The company found that Tata has the best electric vehicle infrastructure compared to all auto companies. However, there is no official statement from both the companies regarding this.
Shares of the company rose by nearly 25 percent
Tata Motors shares are also seeing an upward trend for the eighth day today. The shares of the company have gone up by about 25% in the last 8 trading days. As of Tuesday (12 January 2021), Tata shares are trading around 234, up over 6 percent. Earlier on Monday, Tata shares rose 12.64 percent to Rs 223.20 on the NSE. On the BSE, it rose 11.11 percent to Rs 220.10 per share. After reaching the lowest level in March, the shares of the company have seen a rise of 250 percent so far.