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Tata Motors Stock Rises on Positive Management Guidance

14 June 20242 mins read by Angel One
Shares of Tata Motor rose by more than 2% and made a high of Rs.991.55 on the positive guidance of becoming net debt-free by fiscal year 2025.
Tata Motors Stock Rises on Positive Management Guidance
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Tata Motors is a global automobile manufacturer offering a wide range of commercial, passenger, and EVs. Tata Motors Limited (TML) is one of India’s biggest automobile manufacturing companies with an extensive range of integrated, smart, and e-mobility solutions in its portfolio. The company has a market capitalization of more than 3.6 lakh crores. 

Tata Motors Management Positive Guidance

On June 11, Tata Motors Limited’s shares saw a 2% increase, trading at Rs.991 per share during the morning trading session. This surge follows the management’s optimistic outlook for the upcoming quarters. As India’s leading electric vehicle (EV) manufacturer, Tata Motors has expressed confidence in achieving financial stability by becoming net debt-free by the fiscal year 2025. Furthermore, the automobile manufacturer company has ambitious plans to secure over 25 percent market share across various segments. This positive forecast has bolstered investor confidence, driving the stock price higher as the market anticipates continued growth and robust performance from Tata Motors.

Tata Motor Stock Performance

The stock of Tata Motors is up by 2% from its previous day’s closing price after this positive guidance from the management, The stock has given returns of 25% in 2024 and is up by 75% over the past year. It is currently trading at a price-to-earnings multiple of 12.04 and a price-to-book ratio for the stock stands at 4.5. The 52-week high and 52-week low of the stock is at Rs.1,065.60 and Rs.557.70 respectively.

Conclusion: Tata Motors’ positive outlook, including plans to become net debt-free by 2025 and also to achieve a 25% market share across segments, has strengthened investor confidence. The company’s strategic focus and leadership in the EV market are expected to continue success, This optimism is reflected in the 2% rise in share price to Rs.991 a piece. The market is anticipating a strong positive outlook for the company’s future growth and stability.

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