Tata Motors shares hit a high of Rs 475 in the current session, up 1.27% against the previous close of Rs 468.95 on BSE. Market cap of the firm rose to Rs 1.57 lakh crore.
Tata Motors stock was trading at Rs 472, up 0.52% in the pre-open session against the previous close of Rs 469.55 on BSE. Market cap of the firm stood at Rs 1.56 lakh crore
Tata Motors Q3 Results: For the third quarter, JLR revenue came in at £6.0 billion, up 28% as against Q3FY22 and up 15% sequentially reflecting better supplies, strong model mix and pricing.
Tata Motors share price: Tata Motors stock, which closed at Rs 500 on February 17 is down 19.4 per cent till date. It hit a 52-week low of Rs 366.05 on May 12, 2022.
Tata Motors share price today: Shares of homegrown auto major Tata Motors fell over 4 per cent today after the firm's UK arm Jaguar Land Rover (JLR) reported a 4.9 per cent decline in retail sales in Q2. Sales fell to 8,121 units in Q2 against 92,710 units in the corresponding quarter of previous fiscal. Additionally, sentiment around the Tata Motors stock was negative with JPMorgan downgrading the scrip to neutral from overweight. The brokerage said downgrade occurred due to a delay in deleveraging timelines at JLR. A delay in free cash flow generation raises risks to JLR's debt reduction targets.