Sunday, Sep 20, 2020 | Last Update : 11:27 PM IST

180th Day Of Lockdown

Maharashtra118801585793332216 Andhra Pradesh6177765307115302 Tamil Nadu5364774812738751 Karnataka5113454048417922 Uttar Pradesh3362942632884771 Delhi2347011981034877 West Bengal2155801870614183 Telangana1713061397001033 Odisha167161133466722 Bihar164224149722855 Assam150349121610528 Kerala12221687341490 Gujarat119088999083271 Rajasthan109088906851293 Haryana103773816901069 Madhya Pradesh97906743981877 Punjab90032658182646 Chhatisgarh7777541111628 Jharkhand6710052807590 Jammu and Kashmir5971138521951 Uttarakhand3713924810460 Goa2678320844327 Puducherry2142816253431 Tripura2069612956222 Himachal Pradesh11190691997 Chandigarh92566062106 Manipur8430653951 Arunachal Pradesh6851496713 Nagaland5306407910 Meghalaya4356234232 Sikkim2119178923 Mizoram15069490
  Business   Companies  24 May 2017  Tata Motors shares jump after robust performance from JLR

Tata Motors shares jump after robust performance from JLR

Published : May 24, 2017, 12:53 pm IST
Updated : May 24, 2017, 12:53 pm IST

After a positive opening, the company further gained 5 per cent to Rs 472.95 on the BSE.

Representational Image
 Representational Image

New Delhi: Shares of Tata Motors today jumped 5 per cent on robust performance of its British subsidiary Jaguar Land Rover (JLR). After a positive opening, the company further gained 5 per cent to Rs 472.95 on the BSE.

At the NSE, the stock went up by 5 per cent to Rs 473.35. "After disappointments over the past two quarters, JLR delivered a good set of numbers," Edelweiss Research said in a report.


Robust performance of JLR somewhat helped the numbers, but currency volatilities, which saw the rupee appreciating against the pound, cast some adverse impact on the bottom line.

JLR reported a 13 per cent jump in retail sales and a 10.1 per cent increase in revenues during the reporting quarter. Tata Motors yesterday reported a 16.79 per cent decline in the March quarter net at Rs 4,336.43 crore on slowdown in the domestic business, terming 2016-17 as a year of "homemade misses", and promised to work on execution.

The Tata group company reported a 35 per cent drop in 2016-17 post tax profit at Rs 7,454 crore at a consolidated level. Total revenues moved up to Rs 15,206 crore in the fourth quarter from the year-ago's Rs 14,258 crore on a standalone basis.


Tags: tata motors shares, tata motors, jaguar land rover
Location: India, Delhi, New Delhi