Tata Motors share price: Tata Motors shares lost 9% value, erasing Rs 29,950 crore from its market value. It’s not good for investors.
Business Today reported, Tata Motors is the best-performing BSE Sensex and NSE Nifty company. 960 pounds, while on the NSE it lost 8.23% to 960.5 euros per share.
Tata Motors Q4 results
1) Tata Motors reported that its consolidated revenue more than tripled in FY24, driven by modest performance in its automotive business, particularly Jaguar Land Rover, at Rs 17,528.59 billion.
2) Total revenue from operations increased to Rs 1,19,986.31 crore in Q2FY24 from Rs 1,05,932.35 crore in the same period last year.
Jaguar sales outlook
The company expects vehicle sales to remain flat or decline slightly in the fiscal year ending March 2025. Jaguar’s order book contracted to 133,000 units as of March 31, down from 148,000 units at the end of December.
Sensex and Nifty Performance
JSW Steel, Tata Steel, NTPC, State Bank of India, Power Grid, and Mahindra & Mahindra are others big businesses.
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