Tata Motors Share Price Updates for August 6, 2024: Tata Motors stock ends flat after surging 3% in early trade

Shares of ​Tata Motors​ closed flat at ₹1,018.55 on the NSE (+0.21%). 

On the BSE, the stock ended at ₹1,013.65 (-0.31%).

Tata Motors DVR closed at ₹702.40 on the NSE, up 0.06%. 

On the BSE, the stock closed at ₹699.10, down by 0.31%.

Tata Motors share slipped by 0.45% on the NSE to trade at ₹1,011.85 as at 3 pm. 

The domestic passenger vehicle (PV) wholesale (dispatches to dealers) in July saw major companies including Maruti Suzuki India (MSIL), Hyundai Motor India (HMIL) and Tata Motors reporting negative sales as compared to the same month last year.

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Tata Motors Ltd reported a 74 per cent increase in its consolidated net profit with ₹5,566 crore reported in the June quarter as opposed to ₹3,203 in the same quarter last year.

The company’s profit dropped by 68 per cent compared to the March quarter with ₹17,407 crore. 

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Tata Motors shares traded at ₹1,013 on the NSE, down by 0.34% as at 2.37 pm. 

On the BSE, the stock was down 0.43%, trading at ₹1,012.25.

Meanwhile, Tata Motors DVR stock trades at ₹699.80 on the NSE, down by 0.31%.

Tata Motors shares trade at ₹1,020.65 on the NSE, up 0.41% as at 1.08 pm.

Tata Motors shares rose 2.25% on the NSE to trade at ₹1,039.35 as at 10.24 am.

On the BSE, the stock traded 2.12% higher at ₹1,038.25.

AXISCADES Technologies recorded its consolidated net profit for the quarter ended June 2024 at ₹16.77 crore as against ₹5.70 crore in the corresponding quarter last year.

Stock rallies 7.73% to trade at ₹544.40 on the NSE

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Tata Motors’ stock plunged over 7 per cent on Monday, extending its previous day’s slump, in line with a sharp decline in the equity market.

Shares of the firm tanked 7.32 per cent to settle at Rs 1,016.65 on the BSE. During the day, it dived 7.54 per cent to Rs 1,014.15.

At the NSE, the stock tumbled 7.31 per cent to Rs 1,016.45.

The stock emerged as the biggest laggard among the Sensex and Nifty firms.

In two days, the firm’s market valuation got eroded by Rs 42,461.21 crore to Rs 3,38,001.41 crore.

The 30-share BSE benchmark plummeted 2,222.55 points or 2.74 per cent to settle at over a month’s low of 78,759.40, marking its worst single-day retreat since June 4, 2024. During the day, it tanked 2,686.09 points or 3.31 per cent to 78,295.86.

The NSE Nifty slumped 662.10 points or 2.68 per cent to settle at more than a month’s low of 24,055.60. During the day, it tumbled 824 points or 3.33 per cent to 23,893.70.

Shares of Tata Motors had declined more than 4 per cent on Friday after the auto major reported fall in total sales in July.

On Thursday, Tata Motors reported an 11 per cent year-on-year dip in total sales at 71,996 units in July.

The company had sold 80,633 units in July 2023. Its total domestic sales dipped 11 per cent and stood at 70,161 units last month as against 78,844 units in the year-ago period.

(PTI)

Tata Motors shares rise 2.91% to trade at ₹1,046.05 on the NSE as at 9.38 am.