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Tata Motors Plunges 4%; BSE AUTO Index Down 2.4%
Tue, 29 Oct 11:17

Tata Motors Plunges 4%; BSE AUTO Index Down 2.4%Image source: ipopba/www.istockphoto.com

Tata Motors share price has plunged 4% and is presently trading at Rs 842.6.

Meanwhile, the BSE AUTO index is at 53,243.6 (down 2.4%).

Among the top losers in the BSE AUTO index today are TUBE INVESTMENTS OF INDIA (down 3.2%) and Bajaj Auto (down 2.9%).

Escorts (up 2.0%) and Eicher Motor (up 0.4%) are among the top gainers today.

Over the last one year, Tata Motors has moved up from Rs 637.9 to Rs 842.6, registering a gain of Rs 204.8 (up 32.1%).

On the other hand, the BSE AUTO index has moved up from 36,901.1 to 53,243.6, registering a gain of 44.3% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 104.2%), Cummins India (up 100.4%) and Bosch (up 82.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,557.8 (down 0.6%).

The top losers among the BSE Sensex today are Indusind Bank (down 2.7%) and M&M (down 2.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,192.2 (down 0.6%). IOC and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,557.8, registering a gain of 15,508.8 points (up 24.2%).

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 9.2.


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