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Friday, May 27, 2022

TATA Motors: Why is the share of Tata Motors jumped by more than 11 percent, what is the reason for the rise in shares today – know

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TATA Motors Stock: Shares of Tata Motors climbed more than eight per cent in early trade on Friday. A day earlier, the company had told that its consolidated net loss has come down to Rs 992.05 crore in the fourth quarter of FY 2021-22. Today, on this result, the stock of Tata Motors showed a very positive trend and is trading with a tremendous jump since morning.

Tata Motors showed tremendous jump from early business today
Today, Tata Motors showed strong growth in early trade and helped in taking the market up. Today around 10 am, the company’s stock jumped 8.30 per cent to Rs 403 per share on the BSE, while it rose 8.31 per cent to Rs 403.25 per share on the NSE.

What is the speed of Tata Motors at 12.30 pm
If you look at the condition of Tata Motors stock in the stock markets at 12.30 pm today, it is trading at Rs 414.30 per share with a jump of Rs 42.00 or 11.28 percent.

Tomorrow comes the results of Tata Motors
Tata Motors had told the stock exchanges on Thursday that its consolidated net loss has come down to Rs 992.05 crore in the fourth quarter of FY 2021-22. It had said that in the January-March quarter of the financial year 2020-21, the consolidated net loss of the company was Rs 7,585.34 crore. The company’s total operating income declined to Rs 78,439.06 crore during the quarter under review as against Rs 88,627.90 crore in the year-ago quarter.

Tata Motors shares rise over 8 per cent after fourth quarter results
On the other hand, the net profit of the country’s leading manufacturer on a standalone basis came down to Rs 413.35 crore during the quarter under review. It was Rs 1,645.68 crore in the same period a year ago. The company said that its operational income on a standalone basis increased to Rs 17,338.27 crore in the last quarter of FY 2021-22 from Rs 13,480.42 crore in the corresponding quarter of the previous financial year.

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