Tata Motors Share Price / Stock Updates 16 Aug 2024: Tata Motors shares gain 3%

Tata Motors share price closing figures: Tata Motors stock surged over 3% 

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.

Tata Motors shares closed among top gainers in the Nifty 50 pack on Friday.

Tata Motors shares were up 3.20% on the NSE, trading at ₹1,096.30 as at 3.12 pm.

Tata Motors stock in focus: Tata Motors shares climbed over 3% 

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

Tata Motors share rose 2.52% on the NSE, trading at ₹1,089.10 as at 2.16 pm.

Tata Motors share price updates

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.

Tata Motors shares rose 2.50% on the NSE, trading at ₹1,088.98 as at 12.39 pm.

Stock market update: Top gainers on the NSE include Tata Motors

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 shares rose 2.35% on the NSE, trading at ₹1,087.35 as at 11.53 am.

Tata Motors Q1 results in focus

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 share price in focus

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.

Tata Motors shares were up 2.06% on the NSE, trading at ₹1,084.20 as at 10.32 am.

Sensex, Nifty open higher

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Tata Motors stock in focus: Brokerage Motilal Oswal on earnings momentum

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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36% consumers have let go of their ICE vehicles for EV: Tata Motors

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 share price update: Shares gain 3%

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