Stock to buy: Tata Motors, the automotive giant from the Tata Group, saw its shares trading flat on Monday. Despite this lackluster performance, the stock has experienced a remarkable rally over the past year, with an 80 percent increase in value. In 2024 alone, the stock has surged 39 percent year-to-date (YTD), delivering positive returns …
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 …
This notable uptick in share value followed investor enthusiasm spurred by the company’s strategic decision to demerge its commercial and passenger vehicle segments into two distinct listed entities. This move aims to enhance the company’s ability to capitalise on growth opportunities effectively. On Monday, the company approved a demerger proposal for Tata Motors, splitting it …
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, …