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
Brokerages cut FY22 estimates sharply, expect recovery in second half of FY22
The company's UK subsidiary expects Q2 to be worse, sees recovery only in the second half of FY22
Shares of Tata Motors recovered 4 per cent from lows on Wednesday after the company scheduled an analysts' call later today to address the concern
Company sees semiconductor shortage deepening in the September quarter of the current financial year.
Tata Motors is India's largest commercial vehicle company and fourth-largest passenger vehicle (PV) player
S & P Global Ratings has affirmed B ratings on Tata Motors and revised outlook to stable on improving underlying demand.S & P said the company's sales for the fourth quarter of fiscal 2021 indicate a material improvement in underlying demand for both commercial vehicles and passenger cars.The commercial vehicle business reported its strongest quarterly sales since fiscal 2019 while the passenger car business continued to gain market share.The passenger car business also turned EBITDA positive in fiscal 2021 and EBITDA margin is likely to improve further to mid-single-digit level in fiscal 2022."Although the second wave of Covid-19 infections has increased risks around these estimates, our base case assumes operational disruptions will be mainly in the first quarter of fiscal 2022," said S & P."We anticipate earnings will recover in the rest of fiscal 2022 as restrictions ease, similar to what we saw after the first wave in fiscal 2021."The agency estimates earnings at Tata
The stock has outperformed the market by gaining 15 per cent in the past two weeks, as compared to a 4 per cent rise in the benchmark index S&P BSE Sensex
Last week, rating agency Moody's had upgraded the outlook on TML from "negative" to "stable" due to continued recovery in the firm's consolidated revenue and profitability
Progress on EV platforms, especially in terms of hybrids, impact of lockdown on the near term on volumes, and impact of scrappage scheme on commercial vehicles will be the key things to track
This will be the second biggest hit for Tata Motors-owned firm since FY19
The firm joins a global race to roll out clean-energy vehicles
While a scrappage policy together with push on infrastructure by the Indian government should boost near term demand.
The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018
Tata Motors posted a 67.2% rise in profit for the last quarter of 2020, as Jaguar Land Rover sales improved in key markets like China.
"Due to a strong festive season, the PV business posted its highest sales in last 33 quarters," Tata Motors CEO said
In the past seven trading days, the stock has rallied 26 per cent on report that Tesla may choose Tata Motors for its much-awaited India foray
JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging
Sequential rise in JLR, India truck sales have led to over 30% gains in just eight trading sessions
JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging with sales there growing on both a year-on-year and quarter-on-quarter