Homegrown auto major Tata Motors on Thursday reported narrowing of consolidated net loss at Rs 992.05 crore in the fourth quarter ended March.
The company had posted a consolidated net loss of Rs 7,585.34 crore in the same period last financial year, Tata Motors said in a regulatory filing. Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter against Rs 88,627.90 crore in the year-ago period.
Shares of Tata Motors gained 3 per cent to Rs 460 on the BSE in Tuesday's intra-day trade, in an otherwise subdued market, gaining 6 per cent in three trading days after the company reported a healthy volumes in the month of March.
The counter witnessed large trading volume with a combined around 12 million shares having changed hands on the NSE and BSE till 10:33 am. In comparison, the S&P BSE Sensex was down 0.39 per cent at 60,377 points.
Shares of Tata Motors slipped 4 per cent to Rs 498.55 on the BSE in Tuesday's intra-day trade on profit booking after the company pared its consolidated loss on quarter-on-quarter basis in the September-December 2021 (Q3FY22) as better availability of semiconductors helped Jaguar Land Rover (JLR) ramp up production.
At 09:30 am, Tata Motors traded 3 per cent lower at Rs 502, as compared to 1.2 per cent rise in the S&P BSE Sensex. In the past six months, the stock has rallied 71 per cent, as against 12 per cent gain in the benchmark index.
Shares of Tata Motors hit an over four-year high of Rs 536.50, up 3 per cent on the BSE in Wednesday's intra-day trade, having gained 6 per cent in the past two days on demand recovery hope. The stock of the Tata Group commercial vehicles maker was trading at its highest level since February 2017. It surpassed its previous high of Rs 532.40, touched on October 14, 2021.
While announcing September 2021 (Q2FY22) results, Tata Motors had said that the demand remains strong for Jaguar Land Rover (JLR) and India passenger vehicle (PV) while commercial vehicle (CV) demand is improving gradually.
Shares of Tata Motors were up 5 per cent at Rs 509.95 on the BSE in Tuesday’s intra-day trade after the company’s wholly owned subsidiary - Jaguar Land Rover UK reported good operational performance in July-September quarter (Q2FY22). The management said JLR expects to see gradual recovery starting in the second half (October-March) of FY22.
JLR expects the earnings before interest tax (EBIT) margin and free cash flow (before restructuring costs) to turn positive in the second half of Fiscal 2022.
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. The stock of the Tata Group commercial vehicles maker was trading at its highest level since January 2018. In the past one month, the market price of Tata Motors has soared 39 per cent, as compared to a 3.5 per cent rise in the S&P BSE Sensex.
At 10:52 am, Tata Motors was trading 7.7 per cent higher at Rs 412.50, against a 0.42 per cent gain in the benchmark index.
Shares of Tata Motors rallied 12 per cent, hitting a fresh three-year high at Rs 376.4 on the BSE on Thursday on expectation of a strong business outlook. The stock was trading at its highest level since April 2018. It surpassed its previous high of Rs 360.65 touched on June 15.
This came after brokerage Morgan Stanley upgraded Tata Motors to an overweight rating from equal-weight and raised its target price to Rs 448 from Rs 298 earlier.
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