Avenue Expects Tata Motors To Report A Blended Bag Of Earnings, Inventory Slumps 4%


Purchase / Promote Tata Motors share

Shares of Tata Motors have been falling for 5 straight days now because the Avenue expects the auto manufacturing firm’s working margin to be underneath stress as a consequence of greater uncooked materials prices.

The inventory slumped practically 4 p.c in the present day to the touch an intraday low of Rs 373.10 on NSE.

At 0952 IST, the scrip was down 3 p.c at Rs 376.45 on NSE.

Tata Motors, share price, stock price chart, nifty auto, auto stocks (Supply: NSE)

In accordance with CNBC-TV18 Ballot, the corporate is predicted to report losses, on a standalone foundation, however a lot decrease losses in comparison with the third quarter of FY22.  Standalone volumes are more likely to be robust  pushed by enchancment in demand in each Passenger Automobiles and Business Automobiles segments.

Jaguar Land Rover (JLR) volumes are additionally anticipated to be underneath stress, down 37.6 p.c YoY at 76,526 items. Chip scarcity is seen hurting manufacturing.

tata motors, share price, stock market india, results A snapshot of Avenue’s earnings expectation for Tata Motors

There are some key components that market individuals will be careful for within the outcomes of the auto producer.

A few of these monitorable components are the manufacturing state of affairs at JLR, demand and stock state of affairs throughout JLR’s key markets, development outlook for home enterprise, inflationary impression on each the companies going forward and new product launches with timelines.

(With inputs from Sonia Shenoy)

First Printed:  IST

Supply hyperlink