Shares of Tata Motors hit an over three-year high of Rs 415.30 as they rallied 8.5 per cent on the BSE in Monday’s intra-day trade, continuing their journey northward on the back of a strong growth outlook. The stock of the Tata Group commercial vehicles maker was trading at its highest level since January 2018. In the past one month, the market price of Tata Motors has soared 39 per cent, as compared to a 3.5 per cent rise in the S&P BSE Sensex.

At 10:52 am, Tata Motors was trading 7.7 per cent higher at Rs 412.50, against a 0.42 per cent gain in the benchmark index.

Shares of Tata Motors rallied 12 per cent, hitting a fresh three-year high at Rs 376.4 on the BSE on Thursday on expectation of a strong business outlook. The stock was trading at its highest level since April 2018. It surpassed its previous high of Rs 360.65 touched on June 15.

This came after brokerage Morgan Stanley upgraded Tata Motors to an overweight rating from equal-weight and raised its target price to Rs 448 from Rs 298 earlier.

Shares of Tata Motors rallied 10 per cent, hitting a fresh three-year high at Rs 368.25 on the BSE in Thursday’s intra-day trade on expectation of strong business outlook. The stock of Tata Group, a commercial vehicle company, was trading at its highest level since April 2018. It surpassed its previous high of Rs 360.65 touched on June 15, 2021.

The brokerage firm Morgan Stanley has upgraded Tata Motors with an overweight rating from equal-weight and raised target price to Rs 448 from Rs 298 earlier.

Tata Motors on Friday said it has launched a special edition of its flagship model Safari priced at Rs 21.89 lakh (ex-showroom) to further spruce up the range ahead of the festive season.

The Safari Gold Edition, which comes in two carefully crafted special colour schemes -- The White Gold and The Black Gold -- is set to be showcased at the upcoming second leg of the VIVO IPL 2021.

Homegrown auto major Tata Motors on Monday said it has partnered with Bank of Maharashtra to offer retail financing scheme for its passenger vehicles.

Under the partnership, Bank of Maharashtra will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.15 per cent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions, the company said in a statement.

Shares of Tata Motors gained 3 per cent to Rs 355.50 on the BSE in the intra-day trade on Tuesday on report that the company would undertake a price increase in its passenger vehicles (PV) portfolio to pass on some of the increase in input costs of materials, such as steel and precious metals, to customers.

The quantum of the hike, however, has not yet been disclosed. The stock of the Tata Group commercial vehicles' company was trading close to its 52-week high of Rs 360.65 touched on June 15, 2021.

Tata Motors on Monday said its board has approved a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis.

A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing.

Shares of Tata Motors hit an over three-year high of Rs 358.25, up 1.5 per cent, on the BSE in intra-day trade on Wednesday on the back of heavy volumes. The stock of the Tata Group commercial vehicles company was trading higher for the sixth straight day, having rallied 13 per cent during the same period. It surpassed its previous high of Rs 357 touched on March 3, 2021, and was trading at its highest level since April 2018.

S & P Global Ratings has affirmed B ratings on Tata Motors and revised outlook to stable on improving underlying demand.

S & P said the company's sales for the fourth quarter of fiscal 2021 indicate a material improvement in underlying demand for both commercial vehicles and passenger cars.

Tata Motors on Monday said its shareholders have approved hiving off its passenger vehicles business into a separate entity.

On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.

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