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Tata Motors Plunges 4%; BSE AUTO Index Down 0.5%
Wed, 11 Sep 9:56

Tata Motors Plunges 4%; BSE AUTO Index Down 0.5%Image source: Nikada/www.istockphoto.com

Tata Motors share price has plunged 4% and is presently trading at Rs 991.8.

Meanwhile, the BSE AUTO index is at 57,406.7 (down 0.5%).

Among the top losers in the BSE AUTO index today are Motherson Sumi (down 2.0%) and Bosch (down 0.8%).

Bajaj Auto (up 2.7%) and Cummins India (up 1.5%) are among the top gainers today.

Over the last one year, Tata Motors has moved up from Rs 634.7 to Rs 991.8, registering a gain of Rs 357.1 (up 56.3%).

On the other hand, the BSE AUTO index has moved up from 37,061.3 to 57,406.7, registering a gain of 54.9% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 134.8%), Cummins India (up 115.0%) and Hero Motocorp (up 85.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 0.8%) and Bajaj Finance (up 0.8%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 25,045.8 . Bajaj Auto and Dr. Reddys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,978.9, registering a gain of 14,851.9 points (up 22.1%).

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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