Connect with us

Business

Tata Motors Faces Significant Drop in Share Price After Q4 Results 2024

Published

on

Tata Motors encountered a substantial decline in its share price following the announcement of its fourth-quarter results for 2024. The company’s stock witnessed intense selling in the early morning session, with Tata Motors shares opening at ₹1,005 apiece on the National Stock Exchange (NSE).

Chirag Jain, a Senior Research Analyst at Emkay Global Financial Services, expressed his views on Tata Motors’ Q4 results, highlighting the muted performance despite higher volumes. Jain emphasized that while the company remains cautiously optimistic across its businesses, the first half of the year is anticipated to be weaker.

Connecting the drop in Tata Motors’ share price with the Q4 results, he underscored potential challenges ahead for the stock. Jain projected a further decline in Tata Motors’ share price, potentially reaching ₹950 per share.

In line with this perspective, Motilal Oswal presented a ‘Neutral’ view on Tata Motors, noting the operational alignment of the Q4 results with their estimates. The brokerage firm adjusted its EPS estimates for FY25 and FY26 based on the financial performance and market outlook.

Tata Motors released its financial results for the March quarter on May 10, 2024, reporting substantial growth in net profit and consolidated revenue. However, the market response to the results highlighted concerns and led to a significant share price decline on NSE and Bombay Stock Exchange (BSE).

Rachel Adams

Times News Global es un portal dinámico de noticias en línea dedicado a brindar cobertura de noticias integral y actualizada en varios dominios, incluidos política, negocios, entretenimiento, deportes, seguridad, artículos, opiniones, medio ambiente, educación, tecnología y global. asuntos. Nuestro compromiso radica en compartir noticias que se basan en la exactitud de los hechos, la credibilidad, la verificabilidad, la autoridad y la profundidad de la investigación. Nos enorgullecemos de ser una organización de medios distintiva, guiada por los principios consagrados en el Artículo 19 de la Declaración Universal de Derechos Humanos. Al estar formados por un equipo de personas comunes y corrientes impulsados por una dedicación inquebrantable a descubrir la verdad, publicamos noticias sin prejuicios ni intimidación.

Recent Posts