Tata Motors shares have seen a massive jump since last month. In October itself, the stock is up 39 per cent so far.
“We think the new equilibrium for 10Y IGB (Indian Government Bonds) yields is higher than 6.30% – we estimate c.6.50% in the near term. Compared to the recent past, the RBI is increasingly comfortable with IGB yields adjusting higher. We believe this is also part of normalization,†says Nagaraj Kulkarni.
Radhakishan Damani is the fourth richest Indian, with a net worth of $29.4 billion, as per Forbes.
On the technical charts, the RSI of the stock stood at 55.84.
Tata Motors on Tuesday said TPG Rise Climate along with co-investor ADQ will invest Rs 7500 crore in tranches over a period of 18 months for an 11-15 per cent stake in Tata Motor’s EVCo, a new subsidiary.
A total of 197,155 shares changed hands on the counter till 10:41AM (IST)
Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6365.87 Crore) operating in Power sector.
One data point that has stuck out like a sore thumb for the quant strategist is the relative strength index of the Nifty50 futures.
The stock traded at a P/E multiple of 308.66, while the price-to-book value ratio stood at 5.13.
Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.