Shares of Tata Motors plunged nearly 6% to hit the day’s low of Rs 975 on the NSE while slipping below its 50-day simple moving average (SMA) of Rs 1,056, indicating a negative short-term trend. The stock has corrected by around 10% in the last one week. The fall comes after the company cut prices …
Tata Motors’ global wholesales for the quarter ending June 30, 2024, reached 329,847 units, reflecting a 2 per cent year-on-year increase, according to the company’s filing to the exchanges on Monday. In Q1 FY25, Tata Motors’ global wholesales of passenger vehicles totaled 138,682 units, marking a 1 per cent decrease compared to Q1 FY24. Global …
Buy or sell stocks: Domestic equity benchmarks Sensex and Nifty 50 extended gains for the third straight day and ended at their fresh closing highs in the previous session after the Reserve Bank of India (RBI) maintained a status quo on the repo rates and policy stance in its monetary review meeting while revising the …
Passenger vehicle makers are expected to report 10-15 per cent YoY jump in auto sales for April, driven by healthy demand in utility vehicles (UVs). On the other hand, two-wheeler (2W) retails are expected to grow about 20 per cent YoY, aided by the low base of last year and nine days Navratras that were …
Nomura India on Tuesday said the demerger of Tata Motors Ltd (TTMT) into commercial vehicle (CV) and passenger vehicle (PV) businesses may not result in any immediate change in the Street’s valuation approach. This is because India CVs, JLR and PVs are being well-run and have good disclosures, it said. However, in the medium term, …
Global brokerage firm UBS maintained a neutral rating on Siemens, Jefferies recommended a buy on IIFL Finance, JPMorgan has an overweight rating on Max Healthcare , and Macquarie maintained an outperform rating on Tata Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Tata Motors: …
Tata Motors Ltd ‘s Q3 margin beat analyst estimates by a healthy margin and the decline in its average selling price got halted after three successive quarters due to better mix. JLR numbers came in strong on seasonality basis and demand commentaries continue to be positive. While Tata Motors could see some moderation in demand …
Tata Motors share price rallied over 7% to open at a fresh 52-week high on Monday after the auto major reported strong Q3 results with a two-fold jump in its consolidated net profit. Tata Motors shares gained as much as 7.19% to ₹942.00 apiece on the BSE. Tata Motors posted a net profit of ₹7,025 …
A total of 28 listed Tata group stocks saw their combined market capitalisation (m-cap) rising by over Rs 1,00,000 crore in the last four trading sessions. This excludes the gains seen on Tata group stocks in Tuesday’s trade. A total of 23 out of 28 Tata stocks delivered positive returns in the last four sessions. …