Tata Motors-DVR

Tata Motors-DVR is up for a fifth straight session today. The stock is quoting at Rs 674.15, up 0.25% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.29% on the day, quoting at 22503.9. The Sensex is at 74098.62, down 0.32%. Tata Motors-DVR has gained around 4.08% in last one month.

Meanwhile, Nifty Auto index of which Tata Motors-DVR is a constituent, has gained around 4.86% in last one month and is currently quoting at 22174.05, up 0% on the day. The volume in the stock stood at 4.59 lakh shares today, compared to the daily average of 13.89 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 21.

Powered by Capital Market - Live News

Tata Motors-DVR will hold a meeting of the Board of Directors of the Company on 10 May 2024.

Powered by Capital Market - Live News

Tata Motors-DVR is up for a third straight session in a row. The stock is quoting at Rs 666, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 22422.6. The Sensex is at 73834.89, down 0.24%. Tata Motors-DVR has added around 0.86% in last one month.

Meanwhile, Nifty Auto index of which Tata Motors-DVR is a constituent, has added around 3.29% in last one month and is currently quoting at 21385.25, up 0.66% on the day. The volume in the stock stood at 7.37 lakh shares today, compared to the daily average of 26.09 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 21.

Powered by Capital Market - Live News

Tata Motors-DVR announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 April 2024 .

Powered by Capital Market - Live News

Jaguar Land Rover (UK) (JLR) (a wholly owned subsidiary of Tata Motors) today reported increased sales volumes for the third quarter of FY24 (three-month period to 31 December 2023), reflecting improvements in supply as more vehicles were delivered to clients.

Wholesale volumes in the period were 101,043 units (excluding the Chery Jaguar Land Rover China JV), up 27% compared to the same quarter a year ago and up 4% compared to the quarter ended 30 September 2023. JLR delivered the highest wholesales in 11 quarters during the period. Wholesale volumes for Range Rover Sport were 16,921, up 49%, for Range Rover were 18,843, up 12% and for Defender were 27,117, up 14% (compared to the quarter ended 31 December 2022). Wholesale volumes for the financial year to date were 291,113, up 28% compared to the prior year.

Retail sales for the third quarter were 109,140 units (including the Chery Jaguar Land Rover China JV), up 29% compared to the same quarter a year ago and up 2% compared to the quarter ended 30 September 2023. Retail volumes were higher in all regions year-on-year: UK up 55%, Overseas up 49%, China up 28%, Europe up 27% and North America up 6%.

The order book continues to reflect strong demand for JLR products with 148k client orders at the end of the third quarter. This has reduced from 168k at the end of the second quarter, reflecting increased order fulfilment to clients and resulting in improved client waiting times for our highly desirable vehicles. Demand for Range Rover, Range Rover Sport and Defender remains particularly strong, representing 76% of the order book.

JLR will report full financial results for Q3 FY24 at the beginning of February.

Powered by Capital Market - Live News

Tata Motors sales in the domestic & international market for Q3 FY 2023-24 stood at 234,981 units, compared to 228,169 units during Q3 FY 2022-23, recording a growth of 3%.

Total sales include domestic sales of 229,610 units in Q3 FY23-24 compared to 223,001 units in Q3 FY 2022-23, recording a growth of 3%. Exports rose 4% to 5,371 units.

Powered by Capital Market - Live News

Tata Motors has allotted 2,81,311 equity shares under ESOP on 30 October 2023. Consequent to the aforesaid allotment, the paid-up Ordinary share capital of the Company stands increased from Rs 6,64,51,11,505 divided into 3,32,23,17,000 Ordinary Shares of Rs 2 each to Rs 6,64,56,74,127 divided into 3,32,25,98,311 Ordinary Shares of Rs 2 each (considering the amount of subscribed share capital plus shares forfeited less calls in arrears).

Powered by Capital Market - Live News

Tata Motors-DVR will hold a meeting of the Board of Directors of the Company on 2 November 2023.

Powered by Capital Market - Live News

TCI Express Ltd, Olectra Greentech Ltd, Marksans Pharma Ltd and Action Construction Equipment Ltd are among the other gainers in the BSE's 'A' group today, 26 July 2023.

Tata Motors-DVR spiked 13.04% to Rs 421.75 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 17.5 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past one month.

TCI Express Ltd soared 8.93% to Rs 1600. The stock was the second biggest gainer in 'A' group. On the BSE, 22235 shares were traded on the counter so far as against the average daily volumes of 1368 shares in the past one month.

Olectra Greentech Ltd surged 8.83% to Rs 1178. The stock was the third biggest gainer in 'A' group. On the BSE, 2.37 lakh shares were traded on the counter so far as against the average daily volumes of 2.53 lakh shares in the past one month.

Marksans Pharma Ltd gained 7.68% to Rs 114. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.07 lakh shares were traded on the counter so far as against the average daily volumes of 3.6 lakh shares in the past one month.

Action Construction Equipment Ltd rose 6.84% to Rs 723.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 72184 shares were traded on the counter so far as against the average daily volumes of 92613 shares in the past one month.

Powered by Capital Market - Live News

The decision is expected to streamline the company's capital structure and enhance its appeal to investors.

Under the proposed scheme, DVR holders will receive seven ordinary shares for every 10 DVRs held. This represents a 34% discount to the Tata Motors ordinary shares.

The entire process, which is expected to take between 12 to 15 months to complete, will simplify and consolidate the company's capital structure while preserving liquidity.

However, the scheme is subject to approval from various entities including the stock exchanges, the Securities and Exchange Board of India, 75% of DVR holders, the majority of minority shareholders, creditors, and the National Company Law Tribunal.

The cancellation of DVR shares will be a taxable event for shareholders. However, Tata Motors has assured that the company will settle the withholding tax.

The 'A' Ordinary Shares were first issued by Tata Motors in 2008 and subsequently in a further QIP in 2010 and rights issue in 2015. DVR holders enjoyed distinct privileges in terms of voting and dividends compared to ordinary shareholders. With only 1/10th of the voting rights, DVRs granted their holders a unique advantage. Additionally, DVR holders were entitled to a dividend payout that is five percentage points higher than that of ordinary shares.

Powered by Capital Market - Live News