Tata Motors Limited saw a 2 percent surge in its stock price on May 10, trading at Rs 1,046 in the morning session. This uptick marked the second consecutive day of gains for the company, which is anticipated to unveil its fiscal fourth quarter results later in the day. Additionally, the stock of India’s largest electric vehicle (EV) player is trading at Rs 1,042, representing a 1.5 percent increase from the previous close on the NSE. Notably, Tata Motors’ shares have been the top performer on the Nifty in 2023, boasting an impressive gain of over 100 percent.
Tata Motors is positioned to deliver robust Q4 results, driven primarily by a strong surge in volume growth, an enhanced performance of its British unit, Jaguar Land Rover (JLR), and favorable commodity prices. Market analysts expect the company to report a consolidated net profit of Rs 7,084 crore for the fiscal fourth quarter, reflecting a substantial 33 percent increase from the corresponding period in the prior fiscal year. Furthermore, estimates indicate that the automobile giant could witness a remarkable 15 percent year-on-year surge in revenue from operations, reaching Rs 1.22 lakh crore.
These forecasts underscore the positive trajectory that Tata Motors appears to be treading, positioning it as a strong contender in the competitive automotive industry. Investors and industry stakeholders keenly await the official release of the company’s fiscal fourth quarter results, poised to gain deeper insights into the performance and growth trajectories of this industry leader. Stay tuned for more updates as Tata Motors sets the stage to unveil its financial performance for the fiscal fourth quarter.
