For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Tata Motors Shares Jumps 14% As Analysts Up Target

|

Shares in Tata Motors jumped a huge 14 per cent, following a cut in net losses and improving margins for the quarter ending Sept 30, 2019.

Tata Motors Shares Jumps 14% As Analysts Up Target
 

The shares of Tata Motors were last seen trading at Rs 168, up 14 per cent in trade. Revenues at the company were down 9.1 percent to Rs 65,432 crore, which was still higher than most estimates. Net loss narrowed at Rs 216.5 crore versus net loss at Rs 1,049 crore.

What was most impressive at the company was that the EBITDA was up to Rs 7,046 crore, as against an estimate of Rs 5,000 crores.

Most analysts have hiked their target price on the stock. In the last 1-2 years, Tata Motors was among the stocks that was the worst performer in the Sensex, on slowing sales and mounting losses.

The present numbers has reignited strong interest in the stock once again.

GoodReturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more