Tata Motors on Tuesday said TML Securities Trust, has sold 1.14 crore new ordinary shares (NOS) on the exchanges today for distribution of fractional share entitlement as well as towards tax liabilities. Earlier, the auto major received clearance from the National Company Law Tribunal (NCLT) for its scheme of arrangement which involves reducing share capital … Read more
Shares of auto major Tata Motors on Friday fell around 4.7% to the day’s low of Rs 1,090 on BSE after as margins in the passenger vehicles segment came in lower than expected in the Q1 results. Brokerages, however, have given target prices going beyond Rs 1,300. Global brokerage firm UBS, which maintained a sell … Read more
Shares of Tata Motors on Wednesday rallied 2% to the day’s high of Rs 1,010 on BSE after the company announced that its India business is now net debt-free and aims for the Jaguar-Land Rover (JLR) business to be net debt-free in FY25. The company said that its businesses are self-sustaining and the investments are … Read more
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in its market share from the current 14% to 18% to 20% over the next 2 to 3 years, it said in an investor presentation on Tuesday. This will be on the back of the launch … Read more
The proposed demerger of existing automotive business into two listed entities will help the commercial vehicle vertical become more agile and capitalise on the opportunities available globally, according to Tata Motors Executive Director Girish Wagh. In march this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed … Read more
Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
Tata Motors will be hiking the prices of its commercial vehicles from April 1, 2024 to offset the residual impact of past input costs, the company said in a stock exchange intimation on Thursday. The prices will be hiked by 2 per cent, it said. “While the price increase will vary as per individual model … Read more
Shares of Tata Motors on Tuesday rallied 7.9% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,065.60. The stock is, however, already … Read more
Shares of Tata Motors rallied 6% to hit the 52-week high at Rs 802.6 in Friday’s trade, backed by heavy volumes on the NSE. A total of 2,11,18,340 equity shares worth Rs 1,655.5 crore changed hands so far. Meanwhile, the rally in the stock was also led by the government’s plan to replace 800,000 diesel … Read more
