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Tata Motors Plunges 4%; BSE AUTO Index Down 2.2%
Fri, 2 Aug 10:42

Tata Motors Plunges 4%; BSE AUTO Index Down 2.2%Image source: DNY59/www.istockphoto.com

Tata Motors share price has plunged 4% and is presently trading at Rs 1,101.3.

Meanwhile, the BSE AUTO index is at 58,378.2 (down 2.2%).

Among the top losers in the BSE AUTO index today are Cummins India (down 7.3%) and Eicher Motor (down 3.9%).

Over the last one year, Tata Motors has moved up from Rs 644.1 to Rs 1,101.3, registering a gain of Rs 457.3 (up 71.0%).

On the other hand, the BSE AUTO index has moved up from 36,017.4 to 58,378.2, registering a gain of 62.1% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 98.3%), Bajaj Auto (up 95.8%) and M&M (up 88.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,090.3 (down 0.9%).

The top losers among the BSE Sensex today are Maruti Suzuki (down 3.7%) and JSW Steel (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Maruti Suzuki and Eicher Motor are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,090.3, registering a gain of 14,562.6 points (up 21.9%).

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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