Tata Motors shares touches new 52 weeks
Tata Motors Share Price: The Indian stock market is still seeing a slight increase. By 10.50 am, the Sensex gained 267.01 points to 76,799.97 points and the Nifty was trading at 23,282.30 points with a gain of 119.20 points. However, Tata Group’s automobile company Tata Motors shares are facing a tremendous decline. Tata Motors shares were trading on BSE by Rs 51.45 (6.84%) at a price of Rs 701.00 till 10.54 am on Thursday morning. Let us tell you that there was a great rise in the company’s shares on Wednesday.
Tata Motors shares touches new 52 weeks
On Wednesday, the company’s shares, which closed at the price of Rs 752.45 on Wednesday, opened the price of Rs 715.00 today, which remains its Intrade High so far. The plight of Tata Motors shares can be gauged from the fact that today it touched an intrade of Rs 684.25, which has also become its new 52 week. Let us tell you that the 52 week high of Tata Motors shares is Rs 1179.05. The main reason for the decline in shares of Tata Motors is the company’s very poor financial results.
Tata Group’s company’s net profit falls by 22 percent
Tata Motors released the results of the third quarter of FY 2024-25 on Wednesday. The company had stated in an exchange filing that their integrated net profit declined by 22 percent to Rs 5578 crore in the third quarter. Whereas, the company’s integrated net profit in the third quarter of the last financial year was Rs 7145 crore. The Tata Group company said that their operational income was Rs 1,13,575 crore in the third quarter of the current financial year, compared to Rs 1,10,577 crore in the same quarter of the previous financial year. The company said that its total expenditure in the last quarter increased to Rs 1,07,627 crore, which was Rs 1,04,494 crore in the same quarter of the previous financial year.
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