Tata Motors Share Price Highlights September 12, 2024: Tata Motors stock gains 1% on Thursday

Shares of Tata Motors closed 1.02% higher on the BSE at ₹986.

On the NSE, the stock closed at ₹984, up by 0.79%. 

Shares of Tata Motors inched up 0.96% on the NSE, trading at ₹985.70 as at 3.10 pm.

Sensex climbed 1009.97 pts or 1.24 % to trade at 82,533.13 as at 2.23 pm, Nifty 50 rose 337.65 pts or 1.36% to 25,256.10.

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Tata Motors shares slid down 0.59% on the NSE, trading at ₹970.50 as at 12 noon.

On the BSE, the stock slipped 0.53% to trade at ₹970.80.

Tata Motors shares traded at ₹972.75 on the NSE, down by 0.36% as at 10.38 pm.

​Tata Motors shares​ declined by 1% on the NSE, trading at ₹966.55 as at 9.40 am.

Tata Motors shares declined 5.73% on the NSE, trading at ₹976.40.

On the BSE, the stock declined 5.77% to ₹975.75

Tata Motors stock slumped 5.65% on the NSE, trading at ₹977.30 as at 2 pm.

Tata Motors Ltd.’s shares are set for their longest losing streak in 16 years as UBS Group AG said rising discounts would hurt the earnings of the British maker of luxury SUVs.

The Indian company’s shares fell as much as 5.9% on Wednesday in a ninth day of declines, the longest run of losses since October 2008. The stock is the worst performer on the benchmark NSE Nifty 50 Index.

The plunge came as UBS warned Jaguar-Land Rover orderbook is weak and fresh bookings lag behind supply. The weakness in Jaguar business, which largely derives its revenue outside of India, will add to headwinds facing domestic car makers amid weak demand and piling inventories. Tata Motors cut prices of some vehicles this week. 

“We would not be surprised if the incentives for Range Rover — JLR’s apex model — start rising soon from near-zero levels,” UBS analysts Pramod Kumar and Nikunj Mandowara wrote in a note. Rising discounts, moderating growth and a lack of new launches in non-EV categories may led to “significantly weaker” financials for the next fiscal year, they said.

UBS maintained its sell rating on the company, with a target price of 825 rupees, implying over 20% downside from Tuesday’s closing price.

Bloomberg report

Shares of Tata Motors traded lower by 5.31% on the NSE at ₹980.75.

On the BSE, the stock traded at ₹980.80, lower by 5.28%.

Tata Motors shares tanked by 5.82% on the NSE, trading at ₹975.50 as at 11.38 am.

Tata Motors shares fell 4.81% on the NSE, trading at ₹986 as at 10 am.

Tata Motors’ share price declined over 4% in early trade on Wednesday, trading among top losers in the Nifty 50 pack. Global brokerage UBS Securities has retained a “sell” call on the stock at a target price of ₹825, citing over 20% downside potential.

Tata Motors shares ended at 1,098 on the NSE, higher by 3.36%. 

On the BSE, the stock rose 3.31% to close at ₹1,097.15.

The stock of Tata Motors surged 3.28% to trade at ₹1,097.20 as at 2.58 pm.

Tata Motors stock traded at ₹1,088.95 on the NSE, higher by 2.50% as at 1.19 pm.

On the BSE, the stock was up 2.55% to trade at ₹1,089.05.

Top gainers on the NSE as at 12 noon:

Wipro (3.08%), LTIMindtree (2.59%), M&M (2.54%), Tech Mahindra (2.46%), Tata Motors (2.33%)

Top losers:

SBI Life (-0.63%), HDFC Life (-0.55%), Divi’s Lab (-0.47%), Sun Pharma (-0.43%), Hero Motocorp (-0.40%)

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. 

The total revenue from operations posted a 5.68 per cent growth, with ₹1,08,048 crore for the June quarter compared with ₹1,02,236 crore reported during the same quarter last year. The total revenue from operations dropped by 10 per cent, with ₹1,19,986 crore reported during the March quarter.

Tata Motors had a cash flow of ₹1,200 crore driven by strong improvement in cash profits, while the net automotive debt was marginally higher at ₹18,600 crore during the quarter.

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Tata Motors shares traded at ₹1,084 on the NSE, up 2.04% as at 11.16 am.

Tata Motors DVR shares were up 1.83% on the NSE, trading at ₹738.80.

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Domestic brokerage Motilal Oswal Financial, post-Q1 analysis, said: “We expect the earnings momentum to sustain; albeit, the magnitude of its growth is expected likely to moderate to about 15 per cent over FY24-26. The corporate earnings scorecard for 1QFY25 has met expectations been in-line, with heavyweights such as HDFC Bank, Tata Motors, ICICI Bank, Maruti Suzuki, and TCS driving the aggregate.”

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According to a survey conducted by Tata Motors 75 per cent of customers use electric vehicles as their primary vehicle

(Aroosa Ahmed of businessline reports)

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Tata Motors shares rose 2.48% on the NSE, trading at ₹1,088.65 as at 9.31 am.