{"id":442692,"date":"2021-10-14T10:59:01","date_gmt":"2021-10-14T05:29:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442692"},"modified":"2021-10-14T13:37:52","modified_gmt":"2021-10-14T08:07:52","slug":"market-movers-ev-wave-sweeps-d-street-with-tata-motors-leading-the-pack","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/market-movers-ev-wave-sweeps-d-street-with-tata-motors-leading-the-pack\/","title":{"rendered":"Market Movers: EV wave sweeps D-Street with Tata Motors leading the pack"},"content":{"rendered":"<p>MUMBAI: While the talk around electric vehicles has been around for some time now in India, but today marked a red-letter day for the technology of the future as Tata Motors NSE -1.65 %\u2019 shares skyrocketed over 21 per cent.<\/p>\n<p>The company on Tuesday announced that private equity firm TPG will be investing close to $1 billion in its electric vehicle subsidiary at a valuation of $9.1 billion. The announcement sparked a slew of rating and price target upgrades from Dalal Street and triggered an instant rerating in the stock.<\/p>\n<p>While a more than 20 per cent move in one day is bound to raise questions over sustainability but analysts believe that best is yet to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: While the talk around electric vehicles has been around for some time now in India, but today marked a red-letter day for the technology of the future as Tata Motors NSE -1.65 %\u2019 shares skyrocketed over 21 per cent. The company on Tuesday announced that private equity firm TPG will be investing close to $1 billion in its electric vehicle subsidiary at a valuation of $9.1 billion. The announcement sparked a slew of rating and price target upgrades from Dalal Street and triggered an instant rerating in the stock. While a more than 20 per cent move in one [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-442692","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=442692"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442692\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}