TRADE NIVESH The Indian stock market is once again seeing a boom after Diwali. In afternoon trade, the Sensex was trading at a level of 39,862.25 with an increase of 612.05 points. The Nifty of the National Stock Exchange was trading at the level of 11799 with a gain of 173 points at 2.35 pm.
Among the companies included in the Nifty 50 in Tuesday's business, Tata Motors saw the fastest. Tata Motors shares were trading at Rs 174, up 13 per cent.
Tata Motors shares saw this rally after Tata Motors' British arm Jaguar Land Rover (JLR) turned profitable. Tata Motors shares rose by 16 per cent during trading on Tuesday. The consolidated net loss of the second quarter of the company has reduced considerably, leading to a spurt in its shares. Stock Market
After this, brokerage companies have now increased the target price of Tata Motors shares. Kotak Institutional Equities holds a buy rating of Tata Motors stock. Its target price has been revised from 190 to 200 rupees.
On the same lines, CLSA has now changed the rating of Tata Motors after giving a sale target for three years. Now the brokerage has given a buy rating on Tata Motors and its target price has been changed from Rs 120 to Rs 190.
Many brokerages say that there are no signs of increasing retail investors' interest in Tata Motors shares at this time. The reason for this is that bad times are yet to come.
Edelweiss has given a hold rating on the Tata Motors stock and raised its target price from 134 to Rs 140. However, Ambit Capital has said that the outcome of JLR is not expected to affect the health of Tata Motors. It has given a sale rating for Tata Motors and its target has now been increased from 90 to 125 rupees.
Among the companies included in the Nifty 50 in Tuesday's business, Tata Motors saw the fastest. Tata Motors shares were trading at Rs 174, up 13 per cent.
Tata Motors shares saw this rally after Tata Motors' British arm Jaguar Land Rover (JLR) turned profitable. Tata Motors shares rose by 16 per cent during trading on Tuesday. The consolidated net loss of the second quarter of the company has reduced considerably, leading to a spurt in its shares. Stock Market
After this, brokerage companies have now increased the target price of Tata Motors shares. Kotak Institutional Equities holds a buy rating of Tata Motors stock. Its target price has been revised from 190 to 200 rupees.
On the same lines, CLSA has now changed the rating of Tata Motors after giving a sale target for three years. Now the brokerage has given a buy rating on Tata Motors and its target price has been changed from Rs 120 to Rs 190.
Many brokerages say that there are no signs of increasing retail investors' interest in Tata Motors shares at this time. The reason for this is that bad times are yet to come.
Edelweiss has given a hold rating on the Tata Motors stock and raised its target price from 134 to Rs 140. However, Ambit Capital has said that the outcome of JLR is not expected to affect the health of Tata Motors. It has given a sale rating for Tata Motors and its target has now been increased from 90 to 125 rupees.
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