December 28 is the birthday of the country’s biggest industrialist Ratan Tata. A day before that, two of his favorite companies had set records in the stock market. In just a few minutes in the morning the trader has made huge earnings in the session. Yes, we are talking about Tata Steel and Tata Motors. Shares of both the companies have reached a high of 52 weeks. If experts are to be believed, there may be an even greater rise in the shares of companies in the coming days. Let us also tell you at what level the shares of Tata Motors and Tata Steel have reached. Also, how much increase has been seen in the valuations of both the companies in a few minutes.
Tata Steel shares reached record high
After the news of the merger program came to light, there has been a tremendous increase in the shares of Tata Steel. On Wednesday also the company’s shares reached record high in about 70 minutes. At 10.25 am the company’s shares reached a 52-week high of Rs 138.80. Whereas today the company’s shares opened at Rs 136.15. Whereas a day earlier the company’s shares had closed at Rs 135.20. At present i.e. at 12:15 pm, the company’s shares are trading at Rs 137.80 with a rise of 1.92 percent.
Tremendous increase in company’s valuation
If we talk about the valuation of the company, a tremendous increase has been seen in 70 minutes. Talking about the figures, a day ago the market cap of the company was Rs 1,66,379.45 crore. Whereas today when the company’s shares reached a 52-week high of Rs 138.80, the market cap came to Rs 1,70,809.67 crore. This means that the market cap of the company has seen an increase of more than Rs 4,430 crore as compared to yesterday. At present i.e. at 12:15 pm, the market cap of the company has come to Rs 1,69,025.68 crore.
Tata Motors’ wonderful journey continues
The journey of Tata Motors in the stock market is looking tremendous. In the month of December, the company has broken many 52-week high records. Talking about the figures, the company’s shares reached a new record of Rs 738.20 in 90 minutes. However, today the company’s shares opened at Rs 727.35. Whereas a day earlier the company’s shares had closed at Rs 719.65. However, at 12:25 pm the company’s shares are trading at Rs 733.10 with a rise of 2.12 per cent.
Increase in valuation of Tata Motors
On the other hand, there has also been an increase in the valuation of Tata Motors. According to the data, the valuation of Tata Motors a day ago was Rs 2,39,193.93 crore. When the company’s shares reached a 52-week high of Rs 738.20, the market cap of the company came to Rs 2,45,359.49 crore. This means that the market cap of the company has seen an increase of Rs 6,165.56 crore in 90 minutes. At present the market cap of the company stands at Rs 2,43,664.38 crore.