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Tata Motors Gains 3%; BSE AUTO Index Up 1.9%
Fri, 16 Aug 15:43

Tata Motors Gains 3%; BSE AUTO Index Up 1.9%Image source: peterschreiber.media/www.istockphoto.com

Tata Motors share price has zoomed 3% and is presently trading at Rs 1,098.0.

Meanwhile, the BSE AUTO index is at 57,823.1 (up 1.9%).

Among the top gainers in the BSE AUTO index today are Ashok Leyland (up 3.6%) and M&M (up 3.4%).

TVS Motors (down 0.1%) and MRF (down 0.1%) are among the top losers today.

Over the last one year, Tata Motors has moved up from Rs 607.2 to Rs 1,098.0, registering a gain of Rs 490.9 (up 80.8%).

On the other hand, the BSE AUTO index has moved up from 34,972.6 to 57,823.1, registering a gain of 65.3% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 115.5%), Bajaj Auto (up 114.4%) and TVS Motors (up 93.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,436.8 (up 1.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.9%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,539.2 (up 1.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,436.8, registering a gain of 15,034.9 points (up 23.0%).

Tata Motors Financial Update...

Tata Motors net profit grew 80.0% YoY to Rs 55,630 million for the quarter ended June 2024, compared to a profit of Rs 30,900 million a year ago. Net sales rose 5.7% to Rs 1,080,480 million during the period as against Rs 1,022,360 million in April-June 2023.

For the year ended March 2024, Tata Motors reported 1082.5% increase in net profit to Rs 318,068 million compared to net profit of Rs 26,899 million during FY23. Revenue of the company grew 26.6% to Rs 4,379,278 million during FY24.

The current Price to earnings ratio of Tata Motors, based on rolling 12 month earnings, stands at 10.9.

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