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Tata Motors trades flat ahead of Q1 earnings; here's what to expect

In Q1FY21, Tata Motors' stock rose 44.2 per cent as compared to S&P BSE Sensex's 18.48 per cent gain in the same period

Topics
Markets | Tata Motors | Buzzing stocks

Chirinjibi Thapa  |  New Delhi 

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar

Shares of were trading almost flat ahead of its financial results for the quarter ended June 30, 2020. Analysts are expecting over 50 per cent year-on-year (YoY) fall in the company's overall revenues while consolidated net loss may widen to as high as 9,810 crore, owing to sharp fall in volumes due to the Covid-19 induced lockdown.

At 9:40 am, the stock was trading 0.19 per cent higher at Rs 103.90 as compared to an absolutely flat benchmark S&P BSE Sensex. The stock rose as high as Rs 104.65 and hit an intra-day low of Rs 103.05. Around 65.2 lakh shares have changed hands on the NSE and BSE combined, so far.

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First Published: Fri, July 31 2020. 10:14 IST
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