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Exclusive-India`s JSW in talks with Chinese carmaker Leapmotor for Eelectric Vehical tech India's steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor's platform - the structural underpinnings of a car on which it is built - to manufacture EVs in India under its own brand name, the sources said, in the company's second attempt to enter the growing business. JSW is li...
Exclusive-India`s JSW in talks with Chinese carmaker Leapmotor for Eelectric Vehical tech
Exclusive-India`s JSW in talks with Chinese carmaker Leapmotor for Eelectric Vehical tech
Source: Reuters
31/08/2023 4:27:50 PM
Tata Motors moves up as its arm launches new brand identity `TATA ev` Tata Motors is currently trading at Rs. 609.50, up by 2.95 points or 0.49% from its previous closing of Rs. 606.55 on the BSE. The scrip opened at Rs. 611.20 and has touched a high and low of Rs. 613.00 and Rs. 609.00 respectively. So far 32338 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs....
Tata Motors moves up as its arm launches new brand identity `TATA ev`
Tata Motors moves up as its arm launches new brand identity `TATA ev`
Source: Accord Fintech
30/08/2023 10:36:03 AM
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The policy being considered could allow automakers to import fully-built EVs into India at a reduced tax as low as 15%, compared to the current 100% that applies to cars which cost above $40,000 and 70% for the rest, said two of the sources, ...
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally
Source: Reuters
25/08/2023 3:11:02 PM
View on Tata Motors EV Update: Strong Quarter, Ambitious Targets Ahead from Saji John, Geojit Financial Services Below the view on Tata Motors EV Update: Strong Quarter, Ambitious Targets Ahead from Saji John, Research Analyst at Geojit Financial Services "On the EV side, Tata Motors ended the quarter with a total of 19,000 units, putting it on course for a full-year volume of 100,000 units, supported by current order book & new launches lined up. Moreover, Tata’s market dominance remains at 76% despite significant competitive intervention during the quarter. The company inte...
View on Tata Motors EV Update: Strong Quarter, Ambitious Targets Ahead from Saji John, Geojit Financial Services
View on Tata Motors EV Update: Strong Quarter, Ambitious Targets Ahead from Saji John, Geojit Financial Services
Source: PR Agency
23/08/2023 11:12:47 AM
India approves $7 billion plan for electric buses in nearly 170 cities India approved plans on Wednesday to deploy 10,000 electric buses in 169 cities, along with charging and associated infrastructure facilities, at an estimated cost of nearly 580 billion rupees ($7 billion) for a decade. The federal government will fund 200 billion rupees ($2.4 billion) of the cost of the scheme, based on a public-private partnership model, but it was not immediately clear if funds for the rest would come from state governments or private companies. Shares of companies t...
India approves $7 billion plan for electric buses in nearly 170 cities
India approves $7 billion plan for electric buses in nearly 170 cities
Source: Reuters
16/08/2023 4:59:50 PM
FII selling streak caps Nifty upside Domestic equities held on to their positive stance despite mixed global cues. Nifty opened higher and remained in positive territory throughout the session to close with marginal gains of 81 points at 19598 levels, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for...
FII selling streak caps Nifty upside
FII selling streak caps Nifty upside
Source: IANS
8/08/2023 9:44:08 AM
Nifty closed higher for 5th straight month in July The index oscillated 757 points before closing at 565 points (or 2.9 per cent) higher month on month at 19,754. The Nifty is up 9.1 per cent in the calendar year to date, a report by Motilal Oswal Financial Services said. Midcaps/Smallcaps outperformed largecaps by 2.6 per cent/5.1 per cent in July'23. Similarly, in CY23YTD, midcaps/smallcaps have outperform largecaps and both have risen 20 per cent vs. a 9 per cent rise for the Nifty. FIIs recorded inflows for the fifth consecutive...
Nifty closed higher for 5th straight month in July
Nifty closed higher for 5th straight month in July
Source: IANS
7/08/2023 2:11:30 PM
Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers  In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer, has joined hands with South Indian Bank, one of India’s leading private sector banks, to extend an exclusive Electric Vehicle Dealer Financing Program and offering comprehensive retail financing solutions to all customers.     The MoU for this partnership was signed by Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales,...
Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers
Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers
Source: PR Agency
7/08/2023 1:58:37 PM
Buy Tata Motors Ltd For Target Rs. 736 - Geojit Financial Services Ltd Tata Motors, a leading automobile manufacturer in India, designs, manufactures and sells commercial vehicles (CVs) and passenger vehicles (PVs). Tata Motors acquired Jaguar Land Rover (JLR) in 2008. * Revenue jumped 42.1% YoY to Rs. 102,236cr in Q1FY24, driven by strong growth in the luxury automotive segment. Resultantly, net profit stood at Rs. 3,090cr vs. net loss of Rs. 4,987cr in Q1FY23. * EBITDA margin expanded 890bps YoY to 13.4% on account of improved product mix and efficient o...
Buy Tata Motors Ltd For Target Rs. 736 - Geojit Financial Services Ltd
Buy Tata Motors Ltd For Target Rs. 736 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
5/08/2023 5:24:08 PM
Buy Tata Motors Ltd For Target Rs. 730 - JM Financial Institutional Securities Ltd In 1QFY24, JLR reported EBITDAM of 16.3% (+990bps YoY, +170bps QoQ), +130bps above JMFe. Adj. EBITDAM (adj. for higher inventory) stood at c.15.3%. Sequential improvement was largely led by better mix. India business (CV+PV) EBITDAM stood at 7.9%, broadly in-line with JMFe. TTMT expects chip supplies to gradually improve through FY24. Management has maintained FY24 production guidance of c.400k+ units at JLR and indicated of upside risk to 6% EBIT margin guidance led by favourable mix, soften...
Buy Tata Motors Ltd For Target Rs. 730 - JM Financial Institutional Securities Ltd
Buy Tata Motors Ltd For Target Rs. 730 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
31/07/2023 12:25:08 PM
Buy Tata Motors Ltd For Target Rs. 810 - JM Financial Institutional Securities Ltd About the stock: Tata Motors (TML) is an auto OEM from the house of Tata’s, operating in domestic (PV, CV) and global markets (Jaguar Land Rover i.e., JLR) * JLR is a luxury car brand which includes two prominent names i.e., Jaguar (models like I-pace, etc.) & Land Rover (Defender, Range Rover, etc.) * FY23 consolidated sales mix– JLR ~65%, India CV ~20%, India PV ~14%. * TML India is a leader in domestic CV space with ~40% market share while is the third largest play...
Buy Tata Motors Ltd For Target Rs. 810 - JM Financial Institutional Securities Ltd
Buy Tata Motors Ltd For Target Rs. 810 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
31/07/2023 11:06:15 AM
Buy Tata Motors Ltd For Target Rs.730 - JM Financial Institutional Securities Ltd In 1QFY24, JLR reported EBITDAM of 16.3% (+990bps YoY, +170bps QoQ), +130bps above JMFe. Adj. EBITDAM (adj. for higher inventory) stood at c.15.3%. Sequential improvement was largely led by better mix. India business (CV+PV) EBITDAM stood at 7.9%, broadly in-line with JMFe. TTMT expects chip supplies to gradually improve through FY24. Management has maintained FY24 production guidance of c.400k+ units at JLR and indicated of upside risk to 6% EBIT margin guidance led by favourable mix, soften...
Buy Tata Motors Ltd For Target Rs.730 - JM Financial Institutional Securities Ltd
Buy Tata Motors Ltd For Target Rs.730 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
30/07/2023 2:30:35 PM
FPIs sold stocks for Rs 3,979 cr in cash market The headwinds for the markets come from the US 10-year yield rising sharply to 4 per cent, the dollar index rising to 101.7, Brent crude rising above $83 and FPIs selling stocks for Rs 3,979 crore in the cash market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The market is delicately poised with strong headwinds and some tailwinds, he said. While these strong headwinds can impact the market, support can come from the strong US 2nd quarter GDP number...
FPIs sold stocks for Rs 3,979 cr in cash market
FPIs sold stocks for Rs 3,979 cr in cash market
Source: IANS
28/07/2023 11:36:16 AM
Tata Motors surges on reporting consolidated net profit of Rs 3,300.65 crore in Q1FY24 Tata Motors is currently trading at Rs. 654.20, up by 14.75 points or 2.31% from its previous closing of Rs. 639.45 on the BSE. The scrip opened at Rs. 642.00 and has touched a high and low of Rs. 665.30 and Rs. 640.00 respectively. So far 905655 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at R...
Tata Motors surges on reporting consolidated net profit of Rs 3,300.65 crore in Q1FY24
Tata Motors surges on reporting consolidated net profit of Rs 3,300.65 crore in Q1FY24
Source: Reuters
26/07/2023 9:30:19 AM
Tata Motors remains only major listed company with `A` ordinary shares Tata Motors remains the only major listed company with "A" ordinary share capital. In 2008, TML issued "A" ordinary shares at a 10 per cent discount to ordinary with lower voting rights (1/10th) and higher dividend (by 5 per cent). In 2009, SEBI disallowed companies to create new class of shares with differential rights impacting the market for new issuances. Existing "A" ordinary shares were allowed to continue. Tata Motors announced its DVR to get deli...
Tata Motors remains only major listed company with `A` ordinary shares
Tata Motors remains only major listed company with `A` ordinary shares
Source: IANS
26/07/2023 9:13:04 AM
India`s Tata Motors posts Q1 profit beat on strong JLR sales Tata Motors, India's largest automaker by revenue, reported a better-than-expected profit on Tuesday, helped by strong demand for cars in its luxury Jaguar Land Rover (JLR) segment. The company posted a consolidated net profit of 32.03 billion rupees ($391.3 million) for the April to June quarter, compared with a loss of 50.07 billion rupees a year before. Analysts on average expected a profit of 26.29 billion rupees, per Refinitiv IBES data. Strong retail sales at the JLR unit d...
India`s Tata Motors posts Q1 profit beat on strong JLR sales
India`s Tata Motors posts Q1 profit beat on strong JLR sales
Source: Reuters
25/07/2023 5:16:01 PM
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion In the last two days, FPIs have sold stocks worth Rs 2,081 crore indicating buying exhaustion, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI flows have slowed down. This is normal response to the rising dollar index which has moved up to 101.4 from the recent low of 99. Even though Nifty is showing signs of resilience, it is unlikely to race to 20,000 level in the next few days, given the rising dollar and declining FPI inflows. Brent crude spiking to...
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
Source: IANS
25/07/2023 11:17:50 AM
Tata Motors rises on launching registered vehicle scrapping facility in Odisha Tata Motors is currently trading at Rs. 638.65, up by 9.40 points or 1.49% from its previous closing of Rs. 629.25 on the BSE. The scrip opened at Rs. 635.35 and has touched a high and low of Rs. 640.00 and Rs. 633.35 respectively. So far 394686 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 640.50 on 25-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors rises on launching registered vehicle scrapping facility in Odisha
Tata Motors rises on launching registered vehicle scrapping facility in Odisha
Source: Accord Fintech
25/07/2023 10:43:44 AM
Nifty settles over 19,700 for first time ever Following Monday's flat to positive opening, the Nifty was bullish throughout the day to close at an all-time high, said Deven Mehata, Equity Research Analyst, Choice Broking. The market traded in positive with the Sensex gaining 0.80 per cent to close at 66589.03, while Nifty was up by 0.75 per cent intraday and closed at 19,711.45 levels, its highest ever,  whereas Bank Nifty was up by 1.41 per cent to settle at 45449.75. Among the sectors, Nifty PSU Bank, Nifty Fin Service a...
Nifty settles over 19,700 for first time ever
Nifty settles over 19,700 for first time ever
Source: IANS
17/07/2023 4:50:35 PM
Exclusive-BYD proposes $1 billion India plan to build EVs, batteries - sources China's BYD Co has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private. The longer-term plan is to build a full line-up of B...
Exclusive-BYD proposes $1 billion India plan to build EVs, batteries - sources
Exclusive-BYD proposes $1 billion India plan to build EVs, batteries - sources
Source: Reuters
14/07/2023 6:56:28 PM
Buy Tata Motors Ltd For Target Rs. 700 - Motilal Oswal Financial Services Ltd JLR’s FY23 annual report highlights that its strategy for transitioning to a modern luxury vision, centered around electric vehicles, is driven by three platforms. Refocus 2.0 ‘value creation system’ will simplify its operating framework and governance, with greater focus on systematic value creation and business excellence. It is strengthening and upskilling its human capital for skills of the future and preparing for the targeted transition. Additionally, it has entered in...
Buy Tata Motors Ltd For Target Rs. 700 - Motilal Oswal Financial Services Ltd
Buy Tata Motors Ltd For Target Rs. 700 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
11/07/2023 11:07:08 AM
Tata Motors gains as its group global wholesales rise 5% in Q1FY24 Tata Motors is currently trading at Rs. 624.15, up by 5.70 points or 0.92% from its previous closing of Rs. 618.45 on the BSE. The scrip opened at Rs. 625.00 and has touched a high and low of Rs. 634.60 and Rs. 619.05 respectively. So far 1872936 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 634.60 on 10-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at R...
Tata Motors gains as its group global wholesales rise 5% in Q1FY24
Tata Motors gains as its group global wholesales rise 5% in Q1FY24
Source: Accord Fintech
10/07/2023 2:54:50 PM
Jaguar Land Rover expects Q1 free cash flow of about $500 million  Jaguar Land Rover expects free cash flow of over 400 million pounds ($509.84 million) for the first quarter, after reporting a 30% rise in wholesale volumes as chip and other supply constraints eased, the luxury carmaker owned by India's Tata Motors said on Friday.
Jaguar Land Rover expects Q1 free cash flow of about $500 million
Jaguar Land Rover expects Q1 free cash flow of about $500 million
Source: Reuters
7/07/2023 3:58:35 PM
Only 14% of the time Nifty has been more expensive than current level  The Nifty rallied 10.5 per cent during the April-June quarter and was the 4th best performing index after Brazil (+15.9 per cent), Japan (14.2 per cent) and Russia (14.1 per cent), foreign brokerage, CLSA said in a report. Nifty outperformed the EM benchmark by 10.6ppts. China (-7.8 per cent) and Hong Kong (-7.3 per cent) were the worst performing markets followed by Thailand (-6.6 per cent). The premium of the Nifty 12-month forward PE is getting close to the extended zone as onl...
Only 14% of the time Nifty has been more expensive than current level
Only 14% of the time Nifty has been more expensive than current level
Source: IANS
6/07/2023 2:31:32 PM
India's Tata Motors hikes prices of passenger vehicles for third time in 2023 Indian car maker Tata Motors said on Monday it will increase prices of its passenger vehicles by an average 0.6% across models and variants from July 17. The price hike is meant to offset the residual impact of past input costs, the company said in a statement. Tata Motors had announced price hikes of 1.2% in January and 0.6% in April, citing increased input costs and regulatory changes, respectively. The company's total expenses for the quarter that ended March 31 climbed nearly...
India's Tata Motors hikes prices of passenger vehicles for third time in 2023
India's Tata Motors hikes prices of passenger vehicles for third time in 2023
Source: Reuters
3/07/2023 11:52:22 AM
Tata Motors surges on achieving 50K sales of Nexon EV Tata Motors is currently trading at Rs. 587.00, up by 13.95 points or 2.43% from its previous closing of Rs. 573.05 on the BSE. The scrip opened at Rs. 579.95 and has touched a high and low of Rs. 589.15 and Rs. 575.70 respectively. So far 300156 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 589.15 on 28-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at R...
Tata Motors surges on achieving 50K sales of Nexon EV
Tata Motors surges on achieving 50K sales of Nexon EV
Source: Accord Fintech
28/06/2023 11:39:53 AM
Add Tata Motors Ltd For Target Rs. 620 - ICICI securities Positives already priced into CMP We attended the recent investor meet of Tata Motors (TTMT) and came back with the following key takeaways: 1) Management expects FY24 M&HCV growth to be single- digited and will endeavour for margin improvement through reduction in discounts. Freight rate discipline is intact and demand is expected to improve post monsoon. 2) Apart from Harrier EV, four new models are planned to be launched by FY25, two of which would be exclusively in the premium cate...
Add Tata Motors Ltd For Target Rs. 620 - ICICI securities
Add Tata Motors Ltd For Target Rs. 620 - ICICI securities
Source: ICICI Securities Ltd
23/06/2023 2:47:12 PM
Rotation of heavyweight sectors help maintain market balance Markets have many sectors and they move in a pack with the constituents moving up or down differently at different times. FMCG, Capital Goods, Banking or the BFSI space, Pharmaceuticals, IT and tech space, Automobiles which include two-wheelers, passenger cars, HCVs and also auto ancillaries, and petrochemicals and refineries are some of the names of these sectors. Within the sector, there are the leaders and the laggards which would be different from time to time. The leaders would typ...
Rotation of heavyweight sectors help maintain market balance
Rotation of heavyweight sectors help maintain market balance
Source: IANS
18/06/2023 2:34:25 PM
Auto stocks ride high as passenger vehicle wholesales surge 13.54% in May Stocks related to the auto industry were trading higher on the BSE, as passenger vehicle wholesales surge 13.54% in May Ashok Leyland is currently trading at Rs. 155.55, up by 1.55 points or 1.01% from its previous closing of Rs. 154.00 on the BSE. Tata Motors is currently trading at Rs. 570.75, up by 8.95 points or 1.59% from its previous closing of Rs. 561.80 on the BSE. Mahindra & Mahindra is currently trading at Rs. 1378.90, up by 6.70 points or 0.49% from its previous closin...
Auto stocks ride high as passenger vehicle wholesales surge 13.54% in May
Auto stocks ride high as passenger vehicle wholesales surge 13.54% in May
Source: Accord Fintech
14/06/2023 3:27:56 PM
Tata Motors rides high as its arm targeting revenue of over 30 billion pounds by FY26 Tata Motors is currently trading at Rs. 567.60, up by 5.80 points or 1.03% from its previous closing of Rs. 561.80 on the BSE. The scrip opened at Rs. 567.00 and has touched a high and low of Rs. 569.00 and Rs. 563.70 respectively. So far 200984 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576.50 on 08-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors rides high as its arm targeting revenue of over 30 billion pounds by FY26
Tata Motors rides high as its arm targeting revenue of over 30 billion pounds by FY26
Source: accourd fintech
14/06/2023 12:42:47 PM
India`s May passenger vehicle wholesales jump shows inventory build-up Indian passenger vehicle (PV) wholesales rose 13.5% in May, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday, indicating a build-up of stocks amid worries of muted retail demand. Carmakers sold 334,247 PVs in the month, compared to 294,392 units a year before, according to SIAM, which tracks sales made to dealers. It was in contrast to retail sales, which grew only 4.3% in May and fell over 1% in April, as dealers contended with higher inventory and vehi...
India`s May passenger vehicle wholesales jump shows inventory build-up
India`s May passenger vehicle wholesales jump shows inventory build-up
Source: Reuters
13/06/2023 2:25:51 PM
Buy Tata Motors Ltd For Target Rs.605 - Emkay Global Financial Services Ltd We attended TTMT’s India Investor Day (refer PPT), wherein the company outlined its strategy for the domestic PV, EV and CV businesses. TTMT's PV business would continue to focus on fast-growing SUVs and premium vehicles with new launches – Curvv and Siera – and 3% margin rise over the medium term, while proactively driving EV adoption/sustaining leadership. Comments around pursuing multiple powertrain options (incl. CNG) and 25-30% EV penetration highlight continued dom...
Buy Tata Motors Ltd For Target Rs.605 - Emkay Global Financial Services Ltd
Buy Tata Motors Ltd For Target Rs.605 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
12/06/2023 1:29:16 PM
Buy Tata Motors Ltd For Target Rs.650 - Motilal Oswal Financial Services EV businesses targeting to sustain leadership and turn profitable   TTMT’s India Investor Day 2023 highlighted its focus on a) customer-centric innovations in both businesses, b) profitable growth by leading from the front, and c) consistent delivery on financial targets. Here are the key takeaways from the meetings: * Most of the leading indicators, such as customer surveys and transporter confidence index (except ICV and LCV), seem positive. TTMT expects a single-digit g...
Buy Tata Motors Ltd For Target Rs.650 - Motilal Oswal Financial Services
Buy Tata Motors Ltd For Target Rs.650 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
12/06/2023 1:16:14 PM
Tata Motors rises on partnering with HSBC India Tata Motors is currently trading at Rs. 563.75, up by 1.55 points or 0.28% from its previous closing of Rs. 562.20 on the BSE. The scrip opened at Rs. 566.20 and has touched a high and low of Rs. 568.85 and Rs. 562.50 respectively. So far 122551 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576.50 on 08-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors rises on partnering with HSBC India
Tata Motors rises on partnering with HSBC India
Source: Accord Fintech
12/06/2023 11:26:36 AM
Tata Motors moves up on looking to introduce new products including CNG, electric models Tata Motors is currently trading at Rs. 553.25, up by 6.80 points or 1.24% from its previous closing of Rs. 546.45 on the BSE. The scrip opened at Rs. 548.60 and has touched a high and low of Rs. 553.50 and Rs. 545.50 respectively. So far 581592 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 554.00 on 06-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on looking to introduce new products including CNG, electric models
Tata Motors moves up on looking to introduce new products including CNG, electric models
Source: Accord Fintech
6/06/2023 11:55:37 AM
Tata Motors moves up on launching upgraded Nexon EV MAX XZ+ LUX Tata Motors is currently trading at Rs. 540.25, up by 4.50 points or 0.84% from its previous closing of Rs. 535.75 on the BSE. The scrip opened at Rs. 538.05 and has touched a high and low of Rs. 542.45 and Rs. 538.00 respectively. So far 156406 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.45 on 05-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on launching upgraded Nexon EV MAX XZ+ LUX
Tata Motors moves up on launching upgraded Nexon EV MAX XZ+ LUX
Source: Accord Fintech
5/06/2023 10:11:26 AM
India clocks robust SUV sales in May, two-wheeler volumes rise Indian automakers reported robust sales of sport utility vehicles (SUVs) in May on steady demand and saw an uptick in two-wheeler sales on the back of the wedding season and replacement of old bikes and scooters. Mahindra and Mahindra, the country's top SUV maker by market share, reported a 23.5% jump in SUV sales, while sales of the larger and pricier vehicles at Maruti Suzuki, the top carmaker by volumes, grew around 65%. Sales of SUVs propelled India's passenger vehicle (PV) ...
India clocks robust SUV sales in May, two-wheeler volumes rise
India clocks robust SUV sales in May, two-wheeler volumes rise
Source: Reuters
1/06/2023 5:33:53 PM
Tata Motors moves up on inaugurating new showroom in Surat, Bardoli Tata Motors is currently trading at Rs. 517.60, up by 2.90 points or 0.56% from its previous closing of Rs. 514.70 on the BSE. The scrip opened at Rs. 513.05 and has touched a high and low of Rs. 518.35 and Rs. 512.20 respectively. So far 168270 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 537.15 on 15-May-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on inaugurating new showroom in Surat, Bardoli
Tata Motors moves up on inaugurating new showroom in Surat, Bardoli
Source: Accord Fintech
26/05/2023 1:04:01 PM
Tata Motors inches up on launching Altroz iCNG Tata Motors is currently trading at Rs. 523.55, up by 1.20 points or 0.23% from its previous closing of Rs. 522.35 on the BSE. The scrip opened at Rs. 521.55 and has touched a high and low of Rs. 524.35 and Rs. 521.55 respectively. So far 33942 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 537.15 on 15-May-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs....
Tata Motors inches up on launching Altroz iCNG
Tata Motors inches up on launching Altroz iCNG
Source: Accord Fintech
23/05/2023 9:48:52 AM
Stock Picks : Tata Motors Ltd and Havells India Ltd By ICICI Direct Tata Motors Ltd Buy Tata Motors 522.00-524.00 CMP 524.95; Target 529.80; Stop Loss 518.70   Havells India Ltd   Buy Havells India 1257-1259 CMP 1259.55; Target 1274.00; Stop Loss 1248.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Abo...
Stock Picks : Tata Motors Ltd and Havells India Ltd By ICICI Direct
Stock Picks : Tata Motors Ltd and Havells India Ltd By ICICI Direct
Source: ICICI Direct
22/05/2023 10:34:21 AM
India's JK Tyre reports nearly three-fold increase in Q4 profit BENGALURU - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost. The tyre-maker's consolidated net profit rose to 1.08 billion rupees ($13.2 million) in the quarter ended March 31, from 402 million rupees a year earlier, it said in an exchange filing. The company, which supplies to Maruti Suzuki India Ltd and Tata Motors Ltd, posted an almost 10% growth in revenue...
India's JK Tyre reports nearly three-fold increase in Q4 profit
India's JK Tyre reports nearly three-fold increase in Q4 profit
Source: Reuters
17/05/2023 6:59:32 PM
Buy Tata Motors Ltd For Target Rs.590 - Motilal Oswal Financial Services Strong beat; JLR targets to cut net debt by GBP2b in FY24 * TATA Motors (TTMT)’s 4QFY23 result was a strong beat across businesses resulting in consol. PAT of INR56b (v/s est. of INR27b). Consol. net debt (auto) reduced INR138b QoQ to INR437b. With expected JLR wholesales of ~400k in FY24, management is targeting >6% EBIT margin, FCF of GBP2b and to reduce net debt to * We upgrade our consol. EPS by 13%/6% for FY24E/25E to factor in: a) JLR’s volume ramp up as well as mod...
Buy Tata Motors Ltd For Target Rs.590 - Motilal Oswal Financial Services
Buy Tata Motors Ltd For Target Rs.590 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/05/2023 10:26:44 AM
Tata Motors expects JLR'`s cash flow to quadruple, sets dividend after 7 years India's Tata Motors Ltd expects its luxury car group, Jaguar Land Rover's (JLR) free cash flow to nearly quadruple to top $2.50 billion this fiscal, and the automaker also declared its first dividend in nearly seven years. The automaker, India's No.1 by revenue, also posted a record high quarterly revenue and its second straight quarterly profit, helped by price hikes and strong demand for JLR cars as well as for its commercial trucks. The profit of 54.08 billion rupees (abo...
Tata Motors expects JLR'`s cash flow to quadruple, sets dividend after 7 years
Tata Motors expects JLR'`s cash flow to quadruple, sets dividend after 7 years
Source: Reuters
12/05/2023 5:55:17 PM
Tata Motors rides high on launching new Nexon EV MAX in Nepal Tata Motors is currently trading at Rs. 516.60, up by 4.95 points or 0.97% from its previous closing of Rs. 511.65 on the BSE. The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 520.40 and Rs. 510.15 respectively. So far 1717201 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 520.40 on 12-May-2023 and a 52 week low of Rs. 366.05 on 12-May-2022. Last one week high and low of the scrip stood at R...
Tata Motors rides high on launching new Nexon EV MAX in Nepal
Tata Motors rides high on launching new Nexon EV MAX in Nepal
Source: Accord Fintech
12/05/2023 3:47:53 PM
China`s SAIC to dilute stake in MG Motor India, drive Electric Vehicle sales China's SAIC Motor plans to drop its ownership in MG Motor India to allow domestic entities to take a majority stake, the Indian electric vehicle maker said on Wednesday, as Chinese investments face increased scrutiny by the New Delhi government. MG also plans to invest more than 50 billion rupees ($611.4 million) to build a second plant in India amid a slew of other proposals, including exploring cell manufacturing, with the aim that at least 65% of its sales comprise of EVs from 2026...
China`s SAIC to dilute stake in MG Motor India, drive Electric Vehicle sales
China`s SAIC to dilute stake in MG Motor India, drive Electric Vehicle sales
Source: Reuters
10/05/2023 5:19:45 PM
Tata Motors rises as its arm inks pact with TiHAN IIT Hyderabad Tata Motors is currently trading at Rs. 509.75, up by 6.20 points or 1.23% from its previous closing of Rs. 503.55 on the BSE. The scrip opened at Rs. 508.00 and has touched a high and low of Rs. 513.00 and Rs. 507.00 respectively. So far 39469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 513.00 on 10-May-2023 and a 52 week low of Rs. 366.05 on 12-May-2022. Last one week high and low of the scrip stood at Rs....
Tata Motors rises as its arm inks pact with TiHAN IIT Hyderabad
Tata Motors rises as its arm inks pact with TiHAN IIT Hyderabad
Source: Accord Fintech
10/05/2023 9:47:32 AM
Tech Stars : Buy IDFC First Bank Limited and Tata Motors Limited By Religare Broking IDFC First Bank Limited Buy IDFC First Bank Limited @ 64-65 CMP 64.50 Stop Loss 61.50 Target 72   TECHNICAL RATIONALE  We are seeing noticeable traction in the banking and financial pack and IDFC First Bank is trading in tandem with the trend. It is currently hovering in a narrow range around the previous swing high while holding the gap on the daily chart. Indications are in the favor of fresh surge in near future. We thus suggest ...
Tech Stars : Buy IDFC First Bank Limited and Tata Motors Limited By Religare Broking
Tech Stars : Buy IDFC First Bank Limited and Tata Motors Limited By Religare Broking
Source: Religare Broking Ltd
9/05/2023 11:40:38 AM
Indian automakers post lacklustre April commercial vehicles sales growth India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season and pre-buying last month ahead of the implementation of tighter fuel emission norms. The norms, implemented on April 1, require automakers to fit vehicles with a device to check emissions, leading to extra costs. Maruti Suzuki India Ltd, Hero MotoCorp Ltd and Tata Motors Ltd have hiked prices to cushion the impact of the additional expenses. Analysts said...
Indian automakers post lacklustre April commercial vehicles sales growth
Indian automakers post lacklustre April commercial vehicles sales growth
Source: Reuters
2/05/2023 3:38:13 PM