Tata Motors share price: Fresh EV funding, rising PV demand augur well for Tata Motors

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ET Intelligence Group: The electric vehicle (EV) venture of Tata Motors whose valuation remained underappreciated until the fresh funding by private equity company TPG, is expected to bump up the parent company’s valuation by Rs 70-120 per share. Tata Motors’ stock gained 20 per cent on Wednesday to close the day at Rs 506.8 on the BSE.

After the TPG deal, analysts have raised the stock’s price target by 30-40 per cent. The deal values the EV

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