Tata Motors Share Price: Stock market news: Tata Motors shares jump over 3% in early trade

NEW DELHI: Shares of traded 3.04 per cent up in Wednesday’s trade at 09:51AM (IST). Around 5,196,259 shares changed hands on the counter.

The stock opened at Rs 339.4 and touched an intraday high and low of Rs 341.5 and Rs 326.25, respectively, in the session so far. Shares of the company of Tata Motors Ltd. quoted a 52-week high of Rs 341.5 and a 52-week low of Rs 63.6.

Total market cap of the Tata Motors Ltd. stood at Rs 101272.01 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 74878.98 crore for the quarter ended 31-Dec-2020, up 41.71 per cent from previous quarter’s Rs 52839.02 crore and up 5.39 per cent from the year-ago quarter’s Rs 71051.42 crore.

The net profit for latest quarter stood at Rs 2906.45 crore, up 67.2 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2020, DIIs held 5.11 per cent stake in the company, while foreign institutional investors held 15.61 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 -6.43 and a price-to-book ratio of 0.41. 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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