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Tata Motors Plunges 3%; BSE AUTO Index Down 0.5%
Tue, 8 Oct 9:27

Tata Motors Plunges 3%; BSE AUTO Index Down 0.5%Image source: peterschreiber.media/www.istockphoto.com

Tata Motors share price has plunged 3% and is presently trading at Rs 903.2.

Meanwhile, the BSE AUTO index is at 58,028.0 (down 0.5%).

Among the top losers in the BSE AUTO index today are Eicher Motor (down 1.5%) and Motherson Sumi (down 1.4%).

M&M (up 1.2%) and Balkrishna Ind (up 1.0%) are among the top gainers today.

Over the last one year, Tata Motors has moved up from Rs 613.5 to Rs 903.2, registering a gain of Rs 289.7 (up 47.2%).

On the other hand, the BSE AUTO index has moved up from 35,788.5 to 58,028.0, 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 Bajaj Auto (up 135.6%), Cummins India (up 112.8%) and Motherson Sumi (up 111.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,100.6 (up 0.1%).

The top gainers among the BSE Sensex today are M&M (up 1.2%) and Ultratech Cement (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,810.0 (up 0.1%). M&M and Hindustan Unilever are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,100.6, registering a gain of 15,874.5 points (up 24.3%).

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 9.9.

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