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Tata Motors Gains 4%; BSE AUTO Index Up 0.9%
Tue, 30 Jul 11:36

Tata Motors Gains 4%; BSE AUTO Index Up 0.9%Image source: StarLineArts/www.istockphoto.com

Tata Motors share price has zoomed 4% and is presently trading at Rs 1,173.6.

Meanwhile, the BSE AUTO index is at 60,118.0 (up 0.9%).

Among the top gainers in the BSE AUTO index today are Hero Motocorp (up 1.4%) and TUBE INVESTMENTS OF INDIA (up 1.3%).

Ashok Leyland (down 0.9%) and M&M (down 0.6%) are among the top losers today.

Over the last one year, Tata Motors has moved up from Rs 640.6 to Rs 1,173.6, registering a gain of Rs 533.0 (up 83.2%).

On the other hand, the BSE AUTO index has moved up from 36,103.1 to 60,118.0, registering a gain of 66.5% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Cummins India (up 98.3%), Motherson Sumi (up 97.8%) and Bajaj Auto (up 97.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,672.7 (up 0.4%).

The top gainers among the BSE Sensex today are NTPC (up 3.9%) and Power Grid Corp. (up 3.6%). The most traded stocks in the BSE Sensex are Axis Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,944.5 (up 0.4%). BPCL and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,672.7, registering a gain of 14,965.5 points (up 22.4%).

Tata Motors Financial Update...

Tata Motors net profit grew 219.8% YoY to Rs 172,820 million for the quarter ended March 2024, compared to a profit of Rs 54,048 million a year ago. Net sales rose 13.3% to Rs 1,199,863 million during the period as against Rs 1,059,324 million in January-March 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 12.5.

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