13 Nov 2024

Tata Motors Sees Modest Gains on BSE Despite Profit Dip

Tata Motors’ stock is trading at Rs. 786.80 on the Bombay Stock Exchange (BSE), marking an increase of 1.85 points or 0.24% from its previous close at Rs. 784.95.

The stock opened at Rs. 785.80 and has recorded a high of Rs. 792.60 and a low of Rs. 775.45 so far, with a total of 1,288,164 shares traded. Classified under the BSE ‘A’ group with a face value of Rs. 2, the stock reached a 52-week high of Rs. 1179.05 on July 30, 2024, and a 52-week low of Rs. 656.65 on November 15, 2023. Over the past week, the stock has fluctuated between Rs. 842.85 and Rs. 775.45. Tata Motors' current market capitalization stands at Rs. 288,829.02 crore.

Promoter ownership in the company is at 42.58%, with institutions holding 36.91% and non-institutional investors holding 20.49%.

For the quarter ending September 30, 2024, Tata Motors reported a 62.44% decline in standalone net profit, which came in at Rs. 477 crore, compared to Rs. 1,270 crore for the same quarter last year. The company’s total income also fell by 17.31%, reaching Rs. 15,812 crore for Q2 FY25 compared to Rs. 19,122 crore in the corresponding quarter of the previous year.

On a consolidated level, Tata Motors recorded a 9.97% decrease in net profit to Rs. 3,450 crore for Q2 FY25, down from Rs. 3,832 crore year-over-year. Total income declined by 3.51%, amounting to Rs. 103,016 crore in Q2 FY25 as compared to Rs. 106,759 crore in the previous year's corresponding quarter.