A total of 22,178 shares changed hands on the counter till 01:52PM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 235.28.

A total of 29,542 shares changed hands on the counter till 12:24PM (IST)

The stock traded at a P/E multiple of 58.12, while the price-to-book value ratio stood at 10.07.

The Relative Strength Index of the stock stood at 41.9 on Tuesday.

Promoters held 38.41 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 37.74 per cent and 11.35 per cent, respectively.

“It is safer to look at those companies which are less dependent on higher cost of power.”

On the technical charts, the 200-day moving average of the stock stood at Rs 30429.85.

The key trigger for the rally has been a Morgan Stanley report that raised its target price on Tata Motors to Rs 448 from Rs 298 earlier, with an upgrade in ratings. The current market price of the stock is just shy of the price target now.

On Monday, Hero MotoCorp said it has launched new models of Pleasure scooter range.