Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 89319.34 Crore, up 16.96 % from last quarter Total Income of Rs 76365.79 Crore and up 41.65 % from last year same quarter Total Income of Rs 63057.43 Crore. Company reported net profit after tax of Rs -7510.85 Crore in latest quarter.
Investment Rationale
The auto index is seen breaking above its last five month’s consolidation signalling resumption of up move. Among large cap auto stocks the brokerage remains constructive on Tata Motors as it formed a higher base above the major support area of Rs 280 and is seen resuming its primary up trend, thus offering a fresh entry opportunity
Promoter/FII Holdings
Promoters held 46.4 per cent stake in the company as of March 31, 2021, while FIIs held 13.8 per cent, DIIs 12.1 per cent and public and others 27.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
