New Delhi: Shares of Tata Motors on Monday tanked greater than 8 per cent after the corporate’s March quarter earnings did not cheer buyers.
The inventory plummeted 8.32 per cent to settle at Rs 959.80 apiece on the BSE. In the course of the day, it plunged 9.44 per cent to Rs 948.
On the NSE, it tanked 8.33 per cent to Rs 959.40 per piece.
The corporate’s market capitalisation (mcap) was worn out by Rs 29,016.23 crore to Rs 3,19,012.47 crore.
It emerged as the largest laggard among the many BSE Sensex and NSE Nifty companies.
The 30-share BSE Sensex settled 111.66 factors up at 72,776.13. The NSE Nifty climbed 48.85 factors to 22,104.05.
Tata Motors on Friday reported an over three-fold leap in consolidated internet revenue at Rs 17,528.59 crore within the fourth quarter ended March 2024, driving with all its three auto companies delivering a robust efficiency, particularly the British arm Jaguar Land Rover.
The corporate had posted a consolidated internet revenue of Rs 5,496.04 crore in the identical quarter of the earlier fiscal, Tata Motors stated in a regulatory submitting.
Complete consolidated income from operations stood at Rs 1,19,986.31 crore in comparison with Rs 1,05,932.35 crore within the year-ago interval.
In This autumn FY24, Tata Motors stated all three auto companies delivered robust efficiency.
