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Rakesh Jhujhunwala ups stake in Tata Motors DVR

Rakesh Jhujhunwala ups stake in Tata Motors DVR

Thursday, October 21, 2021

Ace investor Rakesh Jhujhunwala has bought an additional 10 million equity shares in Tata Motors DVR in July-September (Q2FY22), increasing his stake in the Tata Group company to 3.93 percent in Q2 from 1.97 percent at the end of June quarter (Q1), according to the shareholding pattern filed by the company. As per the data, Rakesh Radheshyam Jhunjhunwala held a 2.70 percent stake or 13.75 million equity shares in Tata Motors DVR in Q2, as against a 1.97 percent stake (10 million shares) in the previous quarter. The ace investor has purchased a 1.23 percent stake or 6.25 million shares in name of Rakesh Jhujhunwala during the quarter, against nil or below 1 percent holding in the previous quarter, data shows. CLICK HERE FOR DETAILS Differential Voting Rights (DVR) shares are shares that are permitted to be issued with differential voting and differential dividend rights. Read more

Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075

Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075

Wednesday, October 13, 2021

The Indian markets opened on a positive note today (13th Oct.2021), with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent. The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in opening deals, and was up 83 points at 18,075. Tata Motors zoomed 15 per cent to Rs 483.90 on the BSE after the company secured funding up to Rs 7,500 crore from TPG for its electric vehicle arm. This is the first major fundraising by an Indian carmaker to push mobility. Read more

Tata Motors gains 39 percent in a month on a strong outlook

Tata Motors gains 39 percent in a month on a strong outlook

Monday, October 11, 2021

Shares of Tata Motors hit an over three-year high of Rs 415.30 as they rallied 8.5 per cent on the BSE in Monday’s intra-day trade, continuing their journey northward on the back of a strong growth outlook for Jaguar Land Rover products.The Tata group subsidiary's scrip has rallied around 21% in the past five sessions, whereas in a month, it has risen about 39%. The company, however, warned that retail sales of Jaguar Land Rover for three-month ended September 2021 was constrained by the impact of the global semiconductor shortage.Tata Motors is in the advanced stages to raise $1 billion through the stock sale of its electric vehicle unit, the Times of India reported on Friday. "The global semiconductor supply issue represents a significant near-term challenge for the industry which will take time to work through. Read more

MARKET UPDATE:Sensex up 432 points to 60,110 while Nifty advanced 126 points to 17,917

MARKET UPDATE:Sensex up 432 points to 60,110 while Nifty advanced 126 points to 17,917

Friday, October 8, 2021

Indian domestic benchmark equity indices extended their gains today(8th Oct.2021), led by strong global cues and RBI's decision to maintain status quo. Auto and metal stocks saw buying while realty names were under pressure. “The market looks very volatile at the current position. We advise investors to book partial profits and keep a bit of cash balance in hand," said a expert. After opening in the green, benchmark indices maintained the lead. At 10.45 am, BSE flagship Sensex was up 432 points or 0.72 per cent to 60,110. NSE benchmark Nifty advanced 126 points or 0.71 per cent to 17,917. Read more

Sensex soared 576 points at 59,766 levels while Nifty aadvanced 168 points to quote at 17,814

Sensex soared 576 points at 59,766 levels while Nifty aadvanced 168 points to quote at 17,814

Thursday, October 7, 2021

Indian benchmark indices mirrored trends in Asian markets and posted solid gains today. The frontline S&P BSE Sensex soared 576 points, or 0.97 percent, at 59,766 levels in early deals today led by Titan Company (up 9 percent), IndusInd Bank, Asian Paints, M&M, SBI, Reliance Industries, and ICICI Bank.Nifty50, meanwhile, advanced 168 points to quote at 17,814. In the broader markets, the BSE MidCap and SmallCap indices rallied 1 percent and 1.3 percent, respectively. The broader markets have also started the day on a firm note, with the BSE Midcap and Smallcap indices up over a percent each. Here's a detailed view of the broader indices on the BSE. Read more

Use dips to add auto stocks despite chip shortage concerns

Use dips to add auto stocks despite chip shortage concerns

Wednesday, September 1, 2021

The shortage of semiconductors and chips has hit the Indian automobile sector hard and after Tata Motors, Maruti Suzuki India has slashed output target for September due to a chip shortage. Yesterday (31st August 2021) Maruti Suzuki said that its vehicle production in September will tumble by 60 percent. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 percent. Consequently, shares of the automaker declined 2 percent to Rs 6,700 on the BSE. The ripple effect dented other shares as well with stocks of M&M, Ashok Leyland, and TVS Motors slipping up to 1 percent. Read more

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

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

Tuesday, July 27, 2021

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.

Tata Motors, Tata Motors DVR gain up to 8%

Tata Motors, Tata Motors DVR gain up to 8%

Tuesday, February 23, 2021

Shares of Tata Motors edged higher by 8 percent to Rs 329 on the BSE in intra-day trade today(23rd Feb.2021) on the back of heavy volumes after the company outlined an ambition to reach double-digit commercial vehicle (CV) margins and high single-digit passenger vehicle (PV) margins in coming years. It maintained plans to attain zero debt (excluding leases) by FY24 through strong operating cash flows and divestments. In its virtual 2021 investor event for Indian operations, Tata Motors guided for sustainable free cash flow (FCF) generation in CVs and PVs (from FY24E onwards for the latter). The company said CV demand tailwinds are converging but peak industry volumes are two to three years away and the company would continue to lead 4-W electrification in India. Read more

Tata Motors gains 13 per cent today post JLR Q3 retail sales numbers

Tata Motors gains 13 per cent today post JLR Q3 retail sales numbers

Tuesday, January 12, 2021

Shares of Tata Motors hit a fresh 52-week high of Rs 249.50, up 13.35 per cent on the BSE on Tuesday, amid buzz over the partnership with Tesla and encouraging sales numbers from Jaguar Land Rover (JLR) for the third quarter. The stock of Tata group commercial vehicles company was trading higher for the eighth straight day and has rallied 25 per cent during the period.The market cap of the firm rose to Rs 74,784 crore. Tata Motors, in a release, said JLR’s retail sales for the quarter ending December 2020 were 128,469 vehicles, 13.1 per higher than the 113,569 vehicles sold in the preceding quarter, but down 9 per cent on the same period last year. China sales were particularly encouraging, up 20.2 per cent on the prior quarter and 19.1 per cent year-on-year (YoY)," JLR said in a media statement. The global research firm has retained a buy rating with the target at Rs 270 per share

Tata Motors share price rallies more than 8% as JLR's Q2 sales grow 53% QoQ

Tata Motors share price rallies more than 8% as JLR's Q2 sales grow 53% QoQ

Tuesday, October 6, 2020

Shares of Tata Motors jumped more than 8 per cent to Rs 145.7 on the BSE on Tuesday after Jaguar Land Rover's retail sales in the September quarter grew over 50 per cent from sales in the previous quarter. Retail sales for the quarter ended September 30 were 1.13 lakh units, up 53. 33 per cent from 74,067 units sold in the previous quarter. The automaker on October 1 reported a 5.09 per cent increase in total sales to 1,10,379 units in the second quarter of the current fiscal. The company sold 1,05,031 vehicles in the same period last fiscal. In an exchange filing, Tata Motors said that Jaguar Land Rover retail sales for the three-month period to 30 September 2020 were significantly improved from sales in the preceding quarter but continue to be impacted by Covid-19. Retail sales were still down 11.9 per cent from pre-COVID levels a year ago, the company said. Read more

Tata Motors share price up nearly 6% as Company will cut consolidated debt to zero in 3 years

Tata Motors share price up nearly 6% as Company will cut consolidated debt to zero in 3 years

Tuesday, August 25, 2020

Shares of Tata Motors gained 6 per cent to Rs. 128.35, On Tuesday after the company said it proposed to reduce its debt to near-zero levels. At the annual general meeting of the Tata Motors on August 25, N Chandrasekaran, Chairman of the Tata Group said, currently the TML group has a net automotive debt of Rs 48,000 crore and currently we are deleveraging this business substantially. The target is to bring it to near zero debt levels in the next three years.JLR would be cash-positive this year, while India PV business was being subsidised to a new legal entity, Tata Motors CFO said at the AGM. The new company’s models like the Nexon, Altroz and Harriers have been received well in India and show investments have started paying off. Tata Motors overtook Mahindra & Mahindra (M&M) to third place in terms of vehicles registered in July over the year-ago period.

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

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

Monday, August 3, 2020

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.

Tata Motors slips nearly 7% after reporting a weak number in March quarter

Tata Motors slips nearly 7% after reporting a weak number in March quarter

Tuesday, June 16, 2020

Shares of Tata Motors slipped nearly 7 per cent to Rs 92 on the BSE after posting a consolidated net loss of Rs 9,863.73 crore in the fourth quarter ended March 31 (Q4FY20). Analysts had projected a net loss of Rs 1,300 crore. The consolidated profit for the March quarter FY19 was at Rs 1,117.5 crore and Rs 1,738.3 crore in Q3 FY20. Revenue from operations dropped 27.7 per cent to Rs 62,492.96 crore during the quarter, as standalone business fell 48 per cent to Rs 9,733 crore during the quarter YoY. For the full financial year 2019-20, Tata Motors reported a consolidated net loss of Rs 11,975.23 crore and total revenue from operations stood at Rs 2,61,067.97 crore. Hit by pandemic, company’s flagship subsidiary, Jaguar Land Rover (JLR) suffered a loss of £501 million in the March quarter and £422 million for the full year on revenues of £5.4 billion and £23 billion, respectively.

Tata Motors to split passenger vehicles business into a separate subsidiary

Tata Motors to split passenger vehicles business into a separate subsidiary

Friday, March 27, 2020

The country's largest carmaker, Tata Motors announced that it will split its passenger vehicles business, including electric vehicles, into a separate subsidiary over the next one year. The Board of Tata Motors has approved to subsidize the company's passenger vehicle business (including EV) by transferring relevant assets, IPs and employees are directly relatable to the PV business for it to be fully functional on a standalone basis through a slump sale. Implementation of the scheme will be subject to regulatory and statutory approvals as applicable, including approval of shareholders and creditors. Tata Motor had invested in a completely new passenger vehicle group in recent years based on new architectures. This could be seen as a step towards Tata Motors forging future alliances for its passenger vehicles business to get better cost economics. The company has appointed Shailesh Chandra, President EV including EV with effect from 01 April 2020.

Tata Motors Q3 Results: Profit beats Street estimates

Tata Motors Q3 Results: Profit beats Street estimates

Thursday, January 30, 2020

Automobile maker Tata Motors released their quarterly results and it has beaten the street estimates. Net profit for the December quarter of the financial year 2020 stood at Rs 1,738.30 crore against a loss of Rs 26,992.54 crore in the corresponding quarter of the previous financial year.

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