Tata Motors Share Price: Stock market news: Tata Motors share jump 4%

NEW DELHI: Shares of Tata Motors Ltd. traded 4.29 per cent up in Monday’s trade at 12:21PM (IST). Around 311,112 shares changed hands on the counter.

The counter opened at Rs 61.75 and touched an intraday high and low of Rs 62.75 and Rs 60.8, respectively, in the session so far. Shares of the company of Tata Motors Ltd. quoted a 52-week high of Rs 84.4 and a 52-week low of Rs 28.35.

Total market cap of the Tata Motors Ltd. stood at Rs 46056.6 crore at the time of writing this report.

PB Balaji, CFO – Tata Motors said,’the company’s approach to achieve a near net debt zero target by FY24, is primarily pivoted on revenue improvement, cost-cutting, and capex control plans laid out for four key businesses (including NBFC),’ at a recent meeting hosted with a group of investors.

Key Financials

The company reported consolidated sales of Rs 31481.86 crore for the quarter ended 30-Jun-2020, down 49.18 per cent from previous quarter’s Rs 61949.39 crore and down 48.25 per cent from the year-ago quarter’s Rs 60830.16 crore.

The net loss for latest quarter stood at Rs 8437.99 crore, up 128.16 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors held 6.21 per cent stake in the firm, while foreign institutional investors held 15.62 per cent and the promoters 42.39 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of -2.74 and a price-to-book ratio of 0.41. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Motors Ltd. belongs to the Auto – Cars/UV/CV industry.

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