Stock Market

Tata Motors: An opportunity to invest in this favorite stock of Rakesh Jhunjhunwala, has doubled its wealth in 1 year

The stock of Tata Motors has proved to be a multibagger for the investors. The 1-year return in the stock has been 265 percent. So far this year, the stock has gained about 160 percent.

Rakesh Jhunjhunwala portfolio stock Tata Motors: The stock of Tata Group company Tata Motors has proved to be a multibagger for investors. Ahead of the release of the second quarter results on Monday, this stock saw a rise. In the last one year, investors have got a return of 265 percent in this stock. Brokerage houses are giving investment advice on this multibagger stock. Motilal Oswal has included Tata Motors in the theme Earnings Normalizers of his Diwali pick of Savant 2078. Tata Motors is also included in the favorite shares of the market’s veteran investor Rakesh Jhunjhunwala. He has 1.1 per cent holding in Tata Motors in the September quarter.

Tata Motors will show

Brokerage house Motilal Oswal has included Tata Motors in the theme ‘Earnings Normalizer’, among the five themes of which 15 stocks to choose Diwali stocks. Motilal Oswal says that there is recovery in all three businesses of Tata Motors. Cyclic in commercial vehicles and cyclic and structural improvements in JLR are coming. The company’s passenger vehicle segment has also seen a tremendous recovery. The company can get strong support in FY23 due to new product launches, increase in market share. In such a situation, this Diwali should include this stock in your portfolio.

265% return in 1 year

The stock of Tata Motors has proved to be a multibagger for the investors. The 1-year return in the stock has been 265 percent. So far this year, the stock has gained about 160 percent. The share price stood at Rs 485 on 1 November 2021. Recently the stock touched its 1-year high of Rs 530. However, since then the correction has come in the stock. The reason for the recent rally in the stock is believed to be the focus and investment on the electric vehicle business of Tata Motors.

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How many shares does Rakesh Jhunjhunwala have?

Market leader Rakesh Jhunjhunwala holds a 1.1 percent stake in Tata Motors. His portfolio includes 36,750,000 shares of the company. The total value of these shares in terms of current price is Rs 1,791.7 crore. He held 1.1 per cent stake in the September quarter. He has sold one million shares of Tata Motors in the September 2021 quarter.

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