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Stock market news: Tata Motors shares up 3%

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NEW DELHI: Shares of Tata Motors Ltd. traded 2.99 per cent up in Thursday’s trade at 11:24AM (IST). Around 306,340 shares changed hands on the counter.

The scrip opened at Rs 59.4 and touched an intraday high and low of Rs 61.0 and Rs 59.35, respectively, in the session so far. Shares of the company of Tata Motors Ltd. quoted a 52-week high of Rs 84.4 and a 52-week low of Rs 28.35.

Total market cap of the Tata Motors Ltd. stood at Rs 44125.99 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 31481.86 crore for the quarter ended 30-Jun-2020, down 49.18 per cent from previous quarter’s Rs 61949.39 crore and down 48.25 per cent from the year-ago quarter’s Rs 60830.16 crore.

The net loss for latest quarter stood at Rs 8437.99 crore, up 128.16 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors held 6.21 per cent stake in the firm, while foreign institutional investors held 15.62 per cent and the promoters 42.39 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of -2.62 and a price-to-book ratio of 0.82. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Motors Ltd. belongs to the Auto – Cars/UV/CV industry.

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