Tata Motors (Photo: Twitter) 4 min read Last Updated : Sep 12 2024 | 12:09 AM IST Shares of auto giant Tata Motors slumped 6 per cent to Rs 976 on the BSE on Wednesday after international brokerage UBS maintained its ‘sell’ rating on the stock with a sum of the parts (SOTP)-based price …
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-owned Jaguar Land Rover (JLR) on Friday (July 5) said the company reported a 5% increase in wholesale volumes for the first quarter ended June 30, 2024, compared to the same period last year. Wholesale volumes reached 97,755 units, excluding the Chery Jaguar Land Rover China JV, driven by sustained demand across its vehicle …
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, …
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 …