Tata Motors share price: shares of the company have gained over 5.5 per cent in the past five trading sessions and over 72 per cent since the beginning of 2023.
Tata Motors: The rating upgrade was seen amid a continued improvement in Tata Motors' profitability and free cash flow, which has helped the automaker cut borrowings despite high capital expenditure.
Tata Motors share price today: Tata Motors stock hit an all-time high of Rs 677.90 on October 16, 2023. The Q2 earnings announced on November 2, largely met analyst estimates. The stock has surged 1.41% or Rs 9 since Q2 earnings.
Tata Motors swung to a profit in the quarter at the consolidated level, driven by the stellar show of both Indian operations and JLR.What impressed analysts particularly was the margin performance of Tata Motors, which continued to beat consensus expectations, and JLR’s decision to upgrade the profitability guidance for FY24.