Tata Motor stock climbs after reports said increase in net profit
In the Q3 financial year 2023-2024, Tata Motor reported a revenue of 110,577 crore from 88, 489 crore Year after Year. The British luxury car unit revenue jumped from 58,863 crore to 76,665 crore. These reports helped Tata Motor Stock to climb.
A teenager is looking at the financial reports, he is a keen investor, student and a part-time worker, unlike his counterparts. He has become an example for other parents to teach their children responsibility which ends with little or no change. Though there is no change attempts by parents to change their children have no end. Tata motor stock news hits the teenager’s ears in this situation.
He began to use his research skills to analyse the stock while doing his student responsibilities and a part-time job. For his counterparts, it is hell time as they are receiving higher tantrums than they used to get. His analysis time is early morning, he wakes up and begins his research which ends at seven o’clock, this is followed by a daily routine of bathing, brushing his teeth etc. On his first day of research, he discovers the stock price has risen to a 52-week high after strong Q3 results. Its consolidated net profit has increased dual-fold Tata Motor stock share price in BSE is 945 per share.
Hours do pass with his daily routine and night arrives only to meet the day again. On his second day, he learns the company’s net profit is 7025 crore from 2957.71 crore the previous year an increase of 137.5%. This is due to hikes in prices, and demand for commercial and normal vehicles.
The days move so does his research he learns Tata Motor reported a revenue of 110,577 crore from 88, 489 crore Year after Year. The British luxury car unit revenue jumped from 58,863 crore to 76,665 crore.
On his third day, he delved deep into metrics of the Tata motor stock and learned EBDITA increased by 42.5% to 15, 333 crores and the margin increased by 171 basis points to 13.94%. Meanwhile, the tantrums his counterparts received were reduced as his effort had now become old.
Somewhere 150 km away from the city a team of police is investigating cyber crimes and struggling to trace the culprit. On his fourth day of research, he learned about a global brokerage firm that raised the Tata Motor stock ratings and fixed the upward price to 1,100 per share. The Jefferies a global brokerage firm has rated the stock to “buy” status.
Nomura a financial company said Tata Motor’s estimated revenue is higher which may result in a re-evaluation of ratings. The company is expecting to increase its JLR driven by the demand for electric vehicles, the stock has a “buy” rating and the target price is 1057 price per share. The teenager learns this on his fourth day of research.
In the financial year 2024-2026, the brokerage firm estimates the healthy performance of Tata motor stocks which is backed by the demand for electric vehicles aided by higher EBDITA margins in JLR and CV segments. Kotak Equities raised the stock rating to “add” from “reduce” and per share increased from 900 to 850 (Targeted).
On the last day of his research, the boy learns the stock price has increased by 44% in three months and multiplied by 2 the investor’s money as it increased more than 110% in three months.
The police vehicles reaches the teenage boy’s home and he has been arrested for cyber crime. His parents who are unaware of this are shocked to the core and he confesses in front of them that he was making money through insider trading, which is illegal. while he is been taken into the police jeep his counterparts watch happily.
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1. What is the share price of Tata Motors?
The current price per share of Tata Motor stock is 926.80
2. what is the full form of EBDITA?
EBDITA stands for Earnings before interest taxes depreciation amortization
3. What is the leading increase in Tata Motor stock price?
quality product mix, Increase in price of vehicles, demand for electric vehicles