Tata Motors stock faces 8% drop amid gloomy outlook overshadowing quarterly performance.
Tata Motors recently faced a rollercoaster ride in the stock market after the release of its quarterly results. Despite a substantial increase in net profit during the last quarter, the company failed to meet investors' high expectations, leading to a significant drop in its share value. This unexpected turn left analysts with mixed reactions, causing Tata Motors' stock to plummet by 8% and becoming the top loser on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Amidst the anticipation of a sluggish start to the financial year 2025 due to the expected decrease in local passenger vehicle demand during ongoing elections, the future of Tata Motors remains uncertain.
In the buzzing world of stocks, Tata Motors found itself in the spotlight alongside other major companies like Eicher Motors, HUDCO, and Union Bank of India. Despite the positive buzz surrounding Tata Motors, the company's market capitalization took a hit, dropping by a substantial 29,016 crores to reach 3,19,012.47 crores. This significant decline in market capitalization highlighted the challenges faced by Tata Motors in maintaining investor confidence amidst volatile market conditions.
On the horizon, Tata Motors strives to navigate through the market turbulence, aiming to regain investor trust and bounce back from the recent setback. As the automotive giant continues to face challenges, including a gloomy outlook for the upcoming fiscal year, the company remains determined to adapt and thrive in the dynamic market landscape. The journey ahead for Tata Motors will be crucial in defining its resilience and ability to weather the storm in the ever-evolving automotive industry.
Tata Motors Shares: तिमाही नतीजों में टाटा मोटर्स का नेट प्रॉफिट बढ़ा था. इसके बावजूद यह निवेशकों की उम्मीदों पर खरा नहीं उतरा.
Stocks to watch: Check out the companies making headlines before the opening bell today, on May 13, 2024.
Tata Motors anticipates a sluggish start to FY25, citing an expected dip in local passenger vehicle (PV) demand amidst ongoing elections.
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The stock is the top loser on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
टाटा मोटर्स का बाजार पूंजीकरण (Tata Motors MCap) 29016.23 करोड़ रुपये घटकर 3,19012.47 करोड़ रुपये रह गया।
Tata Motors stock price went down today, 13 May 2024, by -8.34 %. The stock closed at 1046.85 per share. The stock is currently trading at 959.55 per share.