Tata Motors' wholesales of 107,386 units at JLR for Q4FY23, comes as a positive development as, during the last call, the company had guided for wholesales at over 80,000 units
Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.
On Wednesday, after market hours, Tata Motors announced that its subsidiary, Jaguar Land Rover recorded a 37.6 per cent year on year (YoY) drop in retail sales to 80,126 units in Q3.
According to the technical analyst from Anand Rathi, TATAMTRDVR is strongly poised to surge higher in the near future as the technical chart construes sturdy formation post its gap-up setup
Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday
As per June 30, 2021, shareholding pattern data, ace investor Rakesh Radheshyam Jhunjhunwala held a 1.97 per cent stake in Tata Motors (DVR) and 1.15 per cent holding in Tata Motors