The NSE Nifty shed 1 per cent and tested a low of 24,751 amid the global market sell-off on Friday; MidCap and SmallCap indices declined more than 1 per cent each.
The revenue from operations for the April-June quarter was up 5.7 per cent to Rs 107,316 crore
The transaction is subject to necessary shareholders, creditors, and regulatory approvals, which can take around 12-15 months to complete
Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months
The fall in the share price came on the back of weak sales in July 2024.
Earlier this year, Tata Motors announced that it would form two separate companies, with one housing the commercial vehicles business and the other passenger vehicles businesses, including JLR
Tata Motors share price: Thus far in calendar year 2024, Tata Motors share price has outperformed the market by surging 51 per cent
Curvv will be launched with the EV version, and within a month the ICE versions will come. EV customers also want a higher range
Over 400 acres zeroed in at Panapakkam, 90 km from Chennai
Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services
On the bourses, Tata Motors stocks were buzzing in trade after several brokerages raised the target prices. The stock rallied as much as 3.82 per cent to hit a fresh record high of Rs 1,067 per share.
The NSE Nifty50 fell 1.19 per cent or 291 points, reaching a low of 24,141.80 levels
Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.
CV sales up, passenger vehicles dip slightly; JLR growth strong
Some brokerages foresee growth via higher market share, prices, margins