The stock has outperformed the market by gaining 15 per cent in the past two weeks, as compared to a 4 per cent rise in the benchmark index S&P BSE Sensex
Last week, rating agency Moody's had upgraded the outlook on TML from "negative" to "stable" due to continued recovery in the firm's consolidated revenue and profitability
Progress on EV platforms, especially in terms of hybrids, impact of lockdown on the near term on volumes, and impact of scrappage scheme on commercial vehicles will be the key things to track
This will be the second biggest hit for Tata Motors-owned firm since FY19
The firm joins a global race to roll out clean-energy vehicles
While a scrappage policy together with push on infrastructure by the Indian government should boost near term demand.
The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018
Tata Motors posted a 67.2% rise in profit for the last quarter of 2020, as Jaguar Land Rover sales improved in key markets like China.
"Due to a strong festive season, the PV business posted its highest sales in last 33 quarters," Tata Motors CEO said
In the past seven trading days, the stock has rallied 26 per cent on report that Tesla may choose Tata Motors for its much-awaited India foray
JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging
Sequential rise in JLR, India truck sales have led to over 30% gains in just eight trading sessions
JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging with sales there growing on both a year-on-year and quarter-on-quarter
Tata Motors-owned Jaguar Land Rover (JLR) on Monday released its 2020 sales figures
The stock has rallied 47 per cent in the past three months and 89 per cent in the last six months
The European Union so far has been a 'single market,' for the Tata Motors-owned Jaguar Land Rover (JLR) but this is set to change after the UK's exit from the European Union
Reassurance comforted investors; Stock surged by 3.96 per cent
JLR, acquired by the Tatas in 2008, is the UK's largest automotive manufacturer, accounting for an estimated 30 per cent of all domestic car production in this country
Analysts believe the company will benefit from an improving demand outlook, cost-cutting initiatives, and better FCF generation.
global brokerage CLSA expects Tata Motors to generate strong free cash flow on the back of sequential recovery in sales volume. The brokerage has 'Buy' call on the stock with a target price of Rs 220