NEW DELHI: Tata Motors shares declined over 8 p.c throughout a unstable buying and selling session on Monday, following below-expected earnings report for the March quarter.
The inventory after plummeting 8.34% or 87.25 settle at Rs 959.80 on the BSE. The steep declined within the automaker’s share worth wiped off Rs 29,016.23 crore from its market capitalization, bringing it all the way down to Rs 3,19,012.47 crore.
Nevertheless, regardless of Tata Motors’ weak efficiency, the benchmark fairness indices managed to shut within the inexperienced, with the BSE Sensex gaining 111.66 factors to settle at 72,776.13 and the NSE Nifty rising 48.85 factors to finish at 22,104.05.
Earlier, the auto producer on Friday reported a powerful monetary efficiency for the fourth quarter ended March 2024, with consolidated web revenue surging greater than three-fold to Rs 17,528.59 crore, pushed by robust efficiency of all three of its auto companies, significantly its British arm, Jaguar Land Rover.
Moreover, the corporate’s consolidated income from operations for the quarter stood at Rs 1,19,986.31 crore, up from Rs 1,05,932.35 crore within the corresponding interval of the earlier fiscal yr.
The inventory after plummeting 8.34% or 87.25 settle at Rs 959.80 on the BSE. The steep declined within the automaker’s share worth wiped off Rs 29,016.23 crore from its market capitalization, bringing it all the way down to Rs 3,19,012.47 crore.
Nevertheless, regardless of Tata Motors’ weak efficiency, the benchmark fairness indices managed to shut within the inexperienced, with the BSE Sensex gaining 111.66 factors to settle at 72,776.13 and the NSE Nifty rising 48.85 factors to finish at 22,104.05.
Earlier, the auto producer on Friday reported a powerful monetary efficiency for the fourth quarter ended March 2024, with consolidated web revenue surging greater than three-fold to Rs 17,528.59 crore, pushed by robust efficiency of all three of its auto companies, significantly its British arm, Jaguar Land Rover.
Moreover, the corporate’s consolidated income from operations for the quarter stood at Rs 1,19,986.31 crore, up from Rs 1,05,932.35 crore within the corresponding interval of the earlier fiscal yr.
