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
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
