Tata Motors sees sharp cut in FY22 estimates due to the semiconductor shortage

Published On: Tuesday, July 27, 2021 | By: Team KnowMyStock

The June quarter dealt a double whammy to Tata Motors. On one hand, India's business was hit by disruptions related to the second wave of Covid. On the other hand, its British subsidiary Jaguar & Land Rover (JLR) saw chip shortages, something which may drag its numbers for at least two quarters. Analysts are still positive on the stock, though many have cut earnings estimates for FY22 by up to 80 percent. Following the June quarter earnings, Motilal Oswal Securities has cut its FY22 EPS estimate by 77 percent, accounting for sales loss due to the ongoing semiconductor shortage.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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