Tata Steel will proceed with its £1.25 Billion investment to build a state-of-the-art Electric Arc Furnace in Port Talbot and commence closure of the existing heavy end assets in the following months.
The year-on-year growth of 81 per cent represents one of the best performances in the market since the company's launch in India in 2009 and its highest in the last five years, JLR India said in a statement.
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 shares gained 1.64% to Rs 1,029.60 against the previous close of Rs 1012.95 on BSE. The stock touched its 52 week high of Rs 1065.60 on March 5, 2024.
Tata Motors shares were up 0.6 per cent at Rs 985.40. PL's target price on the stock suggests a potential 9.09 per cent upside over this level. The stock is up 24 per cent in 2024 so far and 60 per cent in the last six months.