Tata Motors said global wholesales of its passenger vehicles, including electric vehicles, during Q4 FY24 stood at 155,651 units, reflecting a significant 15 per cent surge compared to Q4 FY23.
Tata Motors: Nomura India has revised upward its stock price target to Rs 610 from Rs 508. It said Tata Motors' consolidated Ebitda was largely in line with its forecast, but ahead of Bloomberg consensus estimate.
Stocks in focus today: Markets on Monday will react to India’s inflation data and the Karnataka election outcome. HAL, Cipla, Tata Motors, Vedanta among stocks to watch on Monday, May 15, 2023.
Tata Motors has proposed paying a final dividend of Rs 2 per ordinary share and Rs 2.10 per DVR share for the last fiscal year. If approved by shareholders at the AGM in August, this will be Tata s first dividend payout since 2016. The announcement follows Q4 earnings that showed a net profit of Rs 5,408 crore, compared to a loss of Rs 1,033 crore the previous year. The firm attributed this to strong performance across all segments of the automotive business, with Jaguar Land Rover and the Indian business leading the way., Companies News, Times Now
Tata Motors has proposed paying a final dividend of Rs 2 per ordinary share and Rs 2.10 per DVR share for the last fiscal year. If approved by shareholders at the AGM in August, this will be Tata's first dividend payout since 2016. The announcement follows Q4 earnings that showed a net profit of Rs 5,408 crore, compared to a loss of Rs 1,033 crore the previous year. The firm attributed this to strong performance across all segments of the automotive business, with Jaguar Land Rover and the Indian business leading the way., Companies News, Times Now