Tata Motors is trading higher by 2.3% at Rs 389 on BSE in otherwise weak market ahead of July-September (Q2) earnings today.
The stock opened at Rs 381 and touched a high of Rs 391 so far. The BSE benchmark index was down by 0.43% at 1050 hours.
Most of the analyst expecting a robust growth at JLR (Jaguar and Land Rover) and favorable currency movement are expected to boost the consolidated performance of the company.
According to an average analysts estimate, Tata Motors, India's largest commercial vehicle maker, is likely to report a strong 40% year-on-year (yoy) growth in its consolidated net profit of Rs 2,074 crore and net sales to grow around 27% at Rs 46,021 crore for the quarter ended September 30, 2013.
The company’s commercial vehicles (CV) performance to remain poor with 29% decline in revenue and 1.5% EBITDA margin. JLR to rescue with 34% growth in revenue (in GBP) and healthy 16.7% margin on favourable product mix, said analyst at Edelweiss Securities in quarterly preview.
The stock opened at Rs 381 and touched a high of Rs 391 so far. The BSE benchmark index was down by 0.43% at 1050 hours.
Most of the analyst expecting a robust growth at JLR (Jaguar and Land Rover) and favorable currency movement are expected to boost the consolidated performance of the company.
According to an average analysts estimate, Tata Motors, India's largest commercial vehicle maker, is likely to report a strong 40% year-on-year (yoy) growth in its consolidated net profit of Rs 2,074 crore and net sales to grow around 27% at Rs 46,021 crore for the quarter ended September 30, 2013.
The company’s commercial vehicles (CV) performance to remain poor with 29% decline in revenue and 1.5% EBITDA margin. JLR to rescue with 34% growth in revenue (in GBP) and healthy 16.7% margin on favourable product mix, said analyst at Edelweiss Securities in quarterly preview.
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