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Tata Motors Plunges 2%; BSE AUTO Index Down 0.7%
Tue, 2 Jul 13:43

Tata Motors Plunges 2%; BSE AUTO Index Down 0.7%Image source: Sefa Ozel/www.istockphoto.com

Tata Motors share price has plunged 2% and is presently trading at Rs 981.1.

Meanwhile, the BSE AUTO index is at 57,141.3 (down 0.7%).

Among the top losers in the BSE AUTO index today are Cummins India (down 2.0%) and TUBE INVESTMENTS OF INDIA (down 1.9%).

Motherson Sumi (up 2.7%) and Bosch (up 1.6%) are among the top gainers today.

Over the last one year, Tata Motors has moved up from Rs 586.7 to Rs 981.1, registering a gain of Rs 394.4 (up 67.2%).

On the other hand, the BSE AUTO index has moved up from 34,296.5 to 57,141.3, registering a gain of 66.6% during the last 12 months.

The top gainers among the BSE AUTO index stocks during this same period were Motherson Sumi (up 135.5%), M&M (up 105.6%) and Cummins India (up 104.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,424.7 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 2.9%) and SBI (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,120.2 (down 0.1%). Shriram Transport and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,424.7, registering a gain of 15,509.3 points (up 24.3%).

Tata Motors Financial Update...

Tata Motors net profit grew 219.8% YoY to Rs 172,820 million for the quarter ended March 2024, compared to a profit of Rs 54,048 million a year ago. Net sales rose 13.3% to Rs 1,199,863 million during the period as against Rs 1,059,324 million in January-March 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 10.5.


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