Tata Technologies shares rally 7% on tie-up with BMW Group.

Tata Technologies announced a joint venture (JV) with BMW to build software for the luxury automaker. This resulted in Tata Tech’s stock to increase by 7% on Tuesday. 

The JV will focus on building software that will help in automated driving along with other features. 

With this announcement, the price of Tata Tech has reached a 7% high at Rs. 1123.15 from the previous closing of Rs. 1049.80. 

Tata Tech and BMW will have a 50-50 stake in the new venture. 

Tata Tech stock 52 week high is Rs. 1400

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