|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's range||31.70 - 32.44|
|52-week range||8.71 - 34.53|
|Beta (5Y monthly)||2.11|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||14 Jul 2016|
|1y target est||36.47|
Shares of India's Tata Motors rose nearly 20% on Wednesday, a day after the Jaguar and Land Rover owner raised funds from private equity firm TPG and said it would invest over $2 billion in its electric vehicle (EV) business over the next five years. Tata Motors said on Tuesday TPG's Rise Climate Fund and Abu Dhabi state holding company ADQ had agreed to invest about $1 billion to expand the company's EV business for which it would form a separate unit. The fundraising is the first major one by an Indian carmaker in the EV space when global automakers such as General Motors, Volkswagen and Toyota Motor are spending heavily to speed up EV adoption.
(Bloomberg) -- Shares of Tata Motors Ltd., the Indian owner of Jaguar Land Rover, surged 20% after the automaker agreed to sell as much as a 15% stake in its electric-vehicle business to a TPG fund and other investors, which valued the unit at $9.1 billion.Most Read from BloombergHow France Turned the Humble Roundabout Into a Showcase for ArtWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowArgentina’s 120-Year-Old Cattle Au
Tata Motors stock flew high on Tuesday after reporting solid numbers and a major move into electric cars.