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ToggleTata Motors Share Price Today/ Tata Motors Stock Live Updates for September 11, 2024: Tata Motors stock trades among the top losers in the Nifty 50 pack, brokerage UBS sees 20% downside potential
Tata Motors Share Price Today/ Tata Motors Stock Live Updates for September 11, 2024: Tata Motors’ share price declined over 4% in early trade on Wednesday, trading among top losers in the Nifty 50 pack. Global brokerage UBS Securities has retained a “sell” call on the stock at a target price of ₹825, citing over 20% downside potential.
Tata Motors stock in focus: UBS on Tata Motors
- Sell Call, Target Rs 825
- The Question Is Should Investors Worry With JLR Discounts Spike
- Defender, Range Rover & Range Rover Sport, Trio Are JLR’s Prem Models Have Boosted ASPs
- The Extended Successful Run Of These Models Has Started To Moderate
- The Orderbook Is Now Below Pre-COVID Levels
- Range Rover Discounts Could Also Soon Rise
- Expect Further Downside Risk From Margin Slippage At JLR & Within Indian PVs
- September 11, 2024 13:02
Tata Motors shares trade at ₹980.65 on the NSE, lower by 5.32% as at 1 pm.
- September 11, 2024 12:12
Tata Motors stock today: Tata Motors stock outlook as at 12 noon
Shares of Tata Motors traded lower by 5.31% on the NSE at ₹980.75.
On the BSE, the stock traded at ₹980.80, lower by 5.28%.
- September 11, 2024 11:40
Tata Motors share price update: Stock tanks close to 6%
Tata Motors shares tanked by 5.82% on the NSE, trading at ₹975.50 as at 11.38 am.
- September 11, 2024 10:16
Tata Motors share price dipped 5.30% on the NSE, trading below ₹1,000 at ₹980.95 as at 10.14 am.
- September 11, 2024 10:03
Tata Motors share price updates: Tata Motors stock falls close to 5%
Tata Motors shares fell 4.81% on the NSE, trading at ₹986 as at 10 am.
- September 11, 2024 09:56
UBS on Tata Motors: Maintain Sell on Company, target price at Rs 825/Sh (Neutral)
- September 11, 2024 09:53
Tata Motors share price in focus
Tata Motors’ share price declined over 4% in early trade on Wednesday, trading among top losers in the Nifty 50 pack. Global brokerage UBS Securities has retained a “sell” call on the stock at a target price of ₹825, citing over 20% downside potential.
- August 16, 2024 15:41
Tata Motors share price closing figures: Tata Motors stock surged over 3%
Tata Motors shares ended at 1,098 on the NSE, higher by 3.36%.
On the BSE, the stock rose 3.31% to close at ₹1,097.15.
- August 16, 2024 15:39
Tata Motors shares closed among top gainers in the Nifty 50 pack on Friday.
- August 16, 2024 15:13
Tata Motors shares were up 3.20% on the NSE, trading at ₹1,096.30 as at 3.12 pm.
- August 16, 2024 15:00
Tata Motors stock in focus: Tata Motors shares climbed over 3%
The stock of Tata Motors surged 3.28% to trade at ₹1,097.20 as at 2.58 pm.
- August 16, 2024 14:18
Tata Motors share rose 2.52% on the NSE, trading at ₹1,089.10 as at 2.16 pm.
- August 16, 2024 13:21
Tata Motors share price updates
Tata Motors stock traded at ₹1,088.95 on the NSE, higher by 2.50% as at 1.19 pm.
On the BSE, the stock was up 2.55% to trade at ₹1,089.05.
- August 16, 2024 12:40
Tata Motors shares rose 2.50% on the NSE, trading at ₹1,088.98 as at 12.39 pm.
- August 16, 2024 12:03
Stock market update: Top gainers on the NSE include Tata Motors
Top gainers on the NSE as at 12 noon:
Wipro (3.08%), LTIMindtree (2.59%), M&M (2.54%), Tech Mahindra (2.46%), Tata Motors (2.33%)
Top losers:
SBI Life (-0.63%), HDFC Life (-0.55%), Divi’s Lab (-0.47%), Sun Pharma (-0.43%), Hero Motocorp (-0.40%)
- August 16, 2024 11:55
Tata Motors shares rose 2.35% on the NSE, trading at ₹1,087.35 as at 11.53 am.
- August 16, 2024 11:38
Tata Motors Q1 results in focus
Tata Motors Ltd reported a 74 per cent increase in its consolidated net profit with ₹5,566 crore reported in the June quarter as opposed to ₹3,203 in the same quarter last year.
The company’s profit dropped by 68 per cent compared to the March quarter with ₹17,407 crore.
The total revenue from operations posted a 5.68 per cent growth, with ₹1,08,048 crore for the June quarter compared with ₹1,02,236 crore reported during the same quarter last year. The total revenue from operations dropped by 10 per cent, with ₹1,19,986 crore reported during the March quarter.
Tata Motors had a cash flow of ₹1,200 crore driven by strong improvement in cash profits, while the net automotive debt was marginally higher at ₹18,600 crore during the quarter.
- August 16, 2024 11:20
Tata Motors share price in focus
Tata Motors shares traded at ₹1,084 on the NSE, up 2.04% as at 11.16 am.
Tata Motors DVR shares were up 1.83% on the NSE, trading at ₹738.80.
- August 16, 2024 10:34
Tata Motors shares were up 2.06% on the NSE, trading at ₹1,084.20 as at 10.32 am.
- August 16, 2024 10:00
Sensex, Nifty open higher
Track bl’s stock market live updates here
- August 16, 2024 09:58
Tata Motors stock in focus: Brokerage Motilal Oswal on earnings momentum
Domestic brokerage Motilal Oswal Financial, post-Q1 analysis, said: “We expect the earnings momentum to sustain; albeit, the magnitude of its growth is expected likely to moderate to about 15 per cent over FY24-26. The corporate earnings scorecard for 1QFY25 has met expectations been in-line, with heavyweights such as HDFC Bank, Tata Motors, ICICI Bank, Maruti Suzuki, and TCS driving the aggregate.”
UBS gave a price target of Rs 825 for Tata Motors stock, implying a downside potential of over 20 percent from the previous close.
Shares of Tata Motors tanked nearly 5 percent in opening trade on September 11, emerging as one of the top losers on the Nifty 50. At 09.52 am, shares of Tata Motors were trading at Rs 988.45 on the NSE.
This comes after brokerage firm UBS Securities retained its ‘sell’ call on Tata Motors, citing further downside risk from margin slippage at the company’s luxury arm Jaguar Land Rover and within domestic passenger vehicles segment. Accordingly, UBS retained its price target of Rs 825 for Tata Motors stock, implying a downside potential of over 20 percent from the previous close.
The strong sales of JLR’s premium models have so far boosted the average selling price for Tata Motors and hence concerns over a moderation in demand may impact its margin performance.
On September 10, the automaker launched significant price cuts across its electric vehicle (EV) lineup as part of its “Festival of Cars” campaign. The limited-time offer, valid until October 31, aims to make EVs more accessible and drive adoption in India. In a statement, Tata Motors stated that this move will aid in “mainstreaming” electric vehicles across the country.
As an added incentive, customers will also receive six months of free charging at over 5,500 Tata Power stations nationwide, ensuring both intra-city and inter-city trips are not only hassle-free but also cost-free.
Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility, highlighted the company’s goal to break down barriers for EV buyers: “At TATA.ev, our mission is to make EVs mainstream by reducing the cost of ownership. With these special prices, we are bridging the gap between EVs and their petrol or diesel-powered counterparts.”
This follows the company’s recent discounts of up to Rs 2.05 lakh on its ICE (Internal Combustion Engine) vehicles as part of the same campaign.