Tata Motors Share Price: Tata Motors stocks moved ahead at rocket speed, investors’ bags filled

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Tata Motors Share Price: There is an atmosphere of turmoil in the Indian stock market on the first trading day of the week. At 12 noon, the Sensex is trading at 72,157.50 with a gain of only 71.87 points. Whereas, Nifty is seen at 21,910.75 with a slow gain of 56.95 points. Meanwhile, Tata Motors shares are witnessing a stormy rise. The company’s stocks are trading at 938.45 with a rise of 6.79 percent i.e. Rs 59.70. During trading, the share price reached Rs 942 with a rise of 7.19 percent. In the last five days, investors have made a profit of 10.91 percent i.e. Rs 92.30. Whereas, returns of 18.65 percent i.e. Rs 147.50 in one month, 53.97 percent i.e. Rs 328.95 in six months and 112.32 percent i.e. Rs 496.45 in one year have been received.

Why did the company’s stock rise?

The December quarter results have been released by the company on Friday. Tata Motors Ltd. The net profit of the third quarter of the current financial year increased by 133.32 percent to Rs 7,100 crore. The net profit of the company in the same quarter of the last financial year was Rs 3,043 crore. This was the first profitable quarter after two years. Tata Motors said in the statement that its integrated income has increased by 25 percent to Rs 1,10,600 crore in the quarter under review. The company said that we remain positive on all three vehicle businesses. We expect performance to improve further in the last quarter due to seasonality, new models and improvement in supply at JLR (Jaguar, Land Rover). Tata Motors said that we have reduced net debt by Rs 9,500 crore in the December quarter and we are confident of achieving the debt reduction target.

What is the advice of the brokerage firm?

There is enthusiasm in the market due to the results of Tata Motors. As such, the domestic brokerage firm expects JLR business performance to be healthy due to stable demand trends, increasing market share in PV and CV segments and improving net cash balance sheet by FY2025E due to FY2024-26E performance. It has raised consolidated EBITDA estimates for FY2024-26 by 1-3% due to higher EBITDA margin assumptions in JLR and CV segments. It has raised FY2024-26 JLR EBITDA estimates by 2-4%, driven by richer product mix and cost-control measures. Kotak Equities upgraded Tata Motors stock to ‘Add’ from ‘Reduce’ and raised the target to ₹950 per share from ₹800 earlier.

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