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Tata Motors Plunges 4%; BSE AUTO Index Down 2.7%
Mon, 5 Aug 9:49

Tata Motors Plunges 4%; BSE AUTO Index Down 2.7%Image source: phive2015/www.istockphoto.com

Tata Motors share price has plunged 4% and is presently trading at Rs 1,050.9.

Meanwhile, the BSE AUTO index is at 56,376.9 (down 2.7%).

Among the top losers in the BSE AUTO index today are Motherson Sumi (down 5.7%) and Escorts (down 3.1%).

Over the last one year, Tata Motors has moved up from Rs 643.3 to Rs 1,050.9, registering a gain of Rs 407.6 (up 63.4%).

On the other hand, the BSE AUTO index has moved up from 35,928.6 to 56,376.9, registering a gain of 56.9% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Bajaj Auto (up 91.7%), Motherson Sumi (up 84.4%) and TVS Motors (up 84.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,456.2 (down 1.9%).

The top losers among the BSE Sensex today are JSW Steel (down 3.5%) and Maruti Suzuki (down 3.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.4 (down 1.8%). Hindalco and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,456.2, registering a gain of 12,996.8 points (up 19.6%).

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 10.4.


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