New Delhi. Rakesh Jhunjhunwala portfolio: Tata Motors Share Price today jumped nearly 2 percent in early trading on Thursday. These shares of Tata Group today opened a gap-up with more than Rs 7 and even after that it continued to rise and touch the level of Rs 511. But why did this stock in Rakesh Jhunjhunwala’s portfolio jump all the way? Actually there is a big news behind this increase.
The news is that Jaguar Land Rover of Tata Motors has entered into a partnership with NVIDIA. Under this partnership, the company will provide the next generation automated driving system to its customers. This partnership between the two big companies is being said to be the main reason for the jump in the shares of Tata Motors. Let us tell you that NVIDIA is the market leader in Artificial Intelligence (AI) and computing.
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Rakesh Jhunjhunwala share holding in Tata Motors: If we look at the figures for the quarter ended December 2021, Rakesh Jhunjhunwala holds 1.18 percent stake in Tata Motors. He holds a total of 3,92,50,000 shares of the company.
What experts say on Tata Motors stock
According to a Live Mint news, Avishna Gorakshakar, Head of Research, Profitmart Securities, told that today’s rise in Tata Motors stock today is based on short-term sentiments as Jaguar Land Rover has entered into a multi-year strategic partnership with NVIDIA. Along with the market trend, the overall trend of the auto sector and the stock of Tata Motors is upside down.
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He said that the share of Tata Motors is a tremendous share of Tata Company and it is a cash-rich group. Along with the growth in GDP, the sales of its commercial vehicles are also going to increase. Globally, major economies are improving after Kovid. Therefore, the overseas business of Tata Motors will show growth in Europe and America in the next few days. Buying Tata Motors shares can be held for a year or two to get great returns.
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