Tata Motors: Investors cheer long-term growth outlook despite muted Q4

Driven by an all-round strong performance, we expect Tata Motors to become earnings' positive in FY23 with a net profit of Rs 7,068 crore, said analysts at Sharekhan

Shares of Tata Motors entered fast lane, zooming 12 per cent intra-day to Rs 416 apiece on the BSE on Friday, as investors eyed long-term growth plans by the Tata Group company despite a mixed March quarter (Q4FY22) result. The shares ended 8.7 per cent higher on the BSE at Rs 404 per share as against a 0.26 per cent dip in the benchmark S&P BSE Sensex.

Analysts believe Tata Motors is witnessing an improvement in all business verticals - JLR, Commercial Vehicles, and Passenger Vehicles – with the second half of fiscal 2021-22 (H2FY22) seeing strong volume growth and