Tata Motors grew by 12 percent even in the midst of a fall in the market, know what is the reason for the increase

Tata Motors up 12%

On the BSE, the stock of Tata Motors closed at 404.35 with a gain of 8.67 percent. During trading, the stock had reached the day’s high of 415.75, that is, the stock saw an increase of up to 11.7 percent today.

Today once again there has been a decline in the stock market. although in the midst of Tata Motors ,Tata Motors) investors earned a lot of money in the stock. Today the stock of Tata Motors has increased by 9 percent amid the fall in the market. stock (Stock Trading) has hurt after the results released by the company. On Thursday itself, Tata Motors had informed that the March quarter (Quarterly ResultsThere has been a reduction in the losses of the company during the period. At the same time, the company indicated that the situation regarding demand remains better even amidst the shortage of semiconductors and the tension spread across the world. After the results, many broking firms have given positive signals regarding the stock.

stock gains

On the BSE, the stock of Tata Motors closed at 404.35 with a gain of 8.67 percent. During trading, the stock had reached the highest level of the day of 415.75 i.e. the stock saw an increase of 11.7 percent today. The year’s high of the stock is at 536.5 while the year’s low is at 268.5. After the quarterly results, the brokerage house has kept its faith in the stock. Prabhudas Lilladher has placed investment advice on the stock with a target of 600. At the same time, after the results, Emkay has increased the target for Tata Motors to 535 and has given investment advice. Along with this, CLSA has also upgraded the stock of Tata Motors and has increased the target for the stock from 392 to 411 and has given investment advice in the stock. Due to these signals, the stock has registered an increase.

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How are the results

There has been a decrease in the quarterly losses of Tata Motors. Tata Motors’ consolidated loss narrowed to Rs 1,032.84 crore in the fourth quarter. At the same time, there has been a decline in the income of the company as compared to the previous year. However, JLR has registered a revenue growth of 1 percent as compared to the previous quarter. On the other hand, the commercial vehicle segment has recorded the best quarterly earnings since the fourth quarter of FY19. The company’s income during the quarter stood at Rs 78,439 crore, a decline of 11.5 percent over the previous year. The company’s income was Rs 88,627.90 crore in the same quarter a year ago. The company’s EBITDA margin stood at 11.2 per cent during the quarter. It has fallen by 320 basis points. On the other hand, Ebit margin declined by 410 basis points to 3.2 percent. The company said that despite inflation and ongoing tensions around the world, demand has remained strong and the supply situation is improving gradually. The company said in its statement that with the improvement in the situation of Kovid in China, with the increase in the supply of semiconductors, the company’s performance may see further improvement.