Tata Motors share price jumps over 8% ,after June quarter numbers

Published On: Monday, August 3, 2020 | By: Team KnowMyStock

Shares of Tata Motors gained over 8 per cent to Rs 114.4 on the BSE on Monday after the company on Friday released its June quarter numbers for the fiscal year 2020-21. The company has reported a consolidated net loss of Rs 8,438 crore on-year for the quarter ended June 30, 2020, down 128.16% from Rs. 3,698.34 crore in June 2019.Net Sales at Rs 31,983.06 crore in June 2020 down 47.97% from Rs. 61,466.99 crore in June 2019. EBITDA stands at Rs. 1,289.23 crores in June 2020 down 65.1% from Rs. 3,693.93 crore in June 2019. Tata Motors stock has risen over 78 per cent since March, from a 52-week low of Rs 63.60 apiece. Most brokerages such as JM Financial Institutional Securities, CLSA, Citi and Motilal Oswal Financial Services have maintained their bullish stance on the stock post the company's June quarter results, with a potential upside of up to 25 per cent.

Source: Money Control, Business India, Financial Express

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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