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Tata Motors gains on reporting around 3-fold jump in Q2 consolidated net profit

09 Nov 2017 Evaluate

Tata Motors is currently trading at Rs. 439.45, up by 0.75 points or 0.17% from its previous closing of Rs. 438.70 on the BSE.

The scrip opened at Rs. 443.50 and has touched a high and low of Rs. 451.25 and Rs. 426.00 respectively. So far 2932318 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 553.00 on 27-Jan-2017 and a 52 week low of Rs. 357.95 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 466.95 and Rs. 426.00 respectively. The current market cap of the company is Rs. 127187.70 crore.

The promoters holding in the company stood at 36.37%, while Institutions and Non-Institutions held 37.88% and 8.94% respectively.

The company has reported net loss of Rs 295.30 crore for the quarter ended September 30, 2017 as compared to net loss of Rs 630.76 crore for the same quarter in the previous year. However, the total income of the company increased by 17.63% at Rs 13,541.96 crore for Q2FY18 as compared Rs 11,511.88 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported around 3-fold jump in its net profit at Rs 2501.67 crore for the quarter under review as compared to Rs 848.16 crore for the corresponding quarter in the FY17. Total income of the company rose 8.53% at Rs 70,344.76 crore for quarter under review as compared to Rs 64,816.22 crore for the same quarter ended previous year. 

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