Tata Motors Share Price

Tata Motors Ltd fell for a fifth straight session today. The stock is quoting at Rs 734.25, down 1.32% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 23729.80078125. The Sensex is at 78412.16, down 1.02%.Tata Motors Ltd has eased around 5.12% in last one month.Meanwhile, Nifty Auto index of which Tata Motors Ltd is a constituent, has eased around 1.43% in last one month and is currently quoting at 23070.9, down 1.11% on the day. The volume in the stock stood at 83.82 lakh shares today, compared to the daily average of 126.56 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 735.7, down 1.44% on the day. Tata Motors Ltd jumped 3.58% in last one year as compared to a 11.64% rally in NIFTY and a 30.09% spurt in the Nifty Auto index.

The PE of the stock is 45.36 based on TTM earnings ending September 24.

Ramachandran R., IAS, MD, BMTC, said, “We are happy to further strengthen our partnership with Tata Motors with these additional 148 electric buses for our fleet modernisation. The performance of the existing Tata electric buses has been exceptional, aligning perfectly with our commitment to sustainable and efficient public transportation. The larger e-bus fleet will significantly enhance our capacity to provide eco-friendly, comfortable and reliable services to the citizens of Bengaluru.”

Asim Kumar Mukhopadhyay, CEO and MD, TML Smart City Mobility Solutions, stated, “We are honoured by BMTC’s continued trust in our e-mobility solutions. This additional order of 148 buses is a testament to the proven success of our Starbus EVs and the operational excellence delivered in Bengaluru’s urban environment. We remain committed to delivering innovative solutions that benefit both the community and the environment.”

Till date, Tata Motors’ e-buses have cumulatively clocked more than 2.5 crore kilometres in Bengaluru alone. This has contributed to a significant reduction in tailpipe emissions, achieving a decrease of approximately 14,000t CO2.

Tata Motors, part of the Tata Group, is a global automobile manufacturer of cars, utility vehicles, pickups, trucks and buses.

The company reported a 9.97% decline in consolidated net profit to Rs 3,450 crore on a 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25 over Q2 FY24.

The scrip declined 1.71% to Rs 742.80 on the BSE.

In the cash market, the Nifty 50 dropped 137.15 points or 0.56% to 24,198.85.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, shed 0.77% to 14.37.

Reliance Industries, HDFC Bank and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE.

The December 2024 F&O contracts will expire on 26 December 2024.

As per provisional closing data, the barometer index, the S&P BSE Sensex, tumbled 1,064.12 points or 1.30% to 80,684.45. The Nifty 50 index dropped 332.25 points or 1.35% to 24,336.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.65% and the S&P BSE Small-Cap index shed 0.52%.

The market breadth was weak. On the BSE, 1,571 shares rose and 2,446 shares fell. A total of 90 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.31% to 14.49.

Economy

India's merchandise trade deficit hit an all-time high of $37.84 billion in November, soaring widely from $27.1 billion in October, amid a spike in import bill. Surging gold imports and falling exports also had an impact. Petroleum product exports contracted sharply by 49.7% to $3.72 billion in November 2024.

Meanwhile, India’s total exports (merchandise and services combined) for November 2024 are estimated at $67.79 billion, registering a positive growth of 9.59 percent vis-à-vis November 2023. Total imports (merchandise and services combined) for November 2024 are estimated at $87.63 billion, registering a positive growth of 27.47 percent vis-à-vis November 2023.

IPO Update:

The initial public offer (IPO) of International Gemmological Institute (India) received bids for 1,33,37,12,100 shares as against 5,85,60,902 shares on offer, according to stock exchange data at 15:15 IST on 17 December 2024. The issue was subscribed to 22.77 times.

The issue opened for bidding on 13 December 2024 and it will close on 17 December 2024. The price band of the IPO is fixed between Rs 397 and Rs 417 per share. An investor can bid for a minimum of 35 equity shares and in multiples thereof.

Buzzing Index:

The Nifty PSU Bank index slipped 1.82% to 6,928.05. The index rose 0.40% in the past trading session.

Bank of India (down 3.61%), Union Bank of India (down 3.06%), Indian Bank (down 2.54%), Punjab National Bank (down 2.2%), Canara Bank (down 2.11%), Bank of Maharashtra (down 2.04%), Central Bank of India (down 1.95%), Indian Overseas Bank (down 1.57%), Punjab & Sind Bank (down 1.46%) and UCO Bank (down 1.40%) declined.

Stocks in Spotlight:

Tata Motors shed 0.62%. The company reported that Uttar Pradesh State Road Transport Corporation (UPSRTC) had placed its third order of the year for 1,297 bus chassis, amounting to a cumulative order size of more than 3,500 units.

Hindustan Petroleum Corporation (HPCL) rose 0.07%. The company announced that its board has approved the Lube Modernization and Bottoms Upgradation Project at the Mumbai Refinery at a cost of Rs 4,679 crore.

Reliance Power declined 0.97%. The company announced that its subsidiary, Reliance NU Suntech received the letter of award (LoA) for 930 MW and 465 MW/1860 MWh battery energy storage systems (BESS) project from Solar Energy Corporation of India (SECI).

Genesys International Corporation rallied 6.73% after the firm received a project worth Rs 56 crore from Directorate of Land Records and Surveys (DLRS), West Bengal to improve the state's land records using advanced geospatial technology.

Everest Industries slipped 1.01% after the company informed that Pramod Nair, chief financial officer (CFO) has resigned from his position with effect from the close of working hours on 10 January 2025, to pursue opportunities outside the company.

Tarc hit a lower circuit of 10% after Securities and Exchange Board of India (SEBI) has appointed forensic auditor to investigate the financial statements of the company for FY21 to FY23, citing potential impact on investors interest.

PNB Gilts slipped 4.77% after the company informed that Vikas Goel has tendered his resignation from the position of managing director & CEO of the company on 16 December 2024.

Indoco Remedies added 0.91%. The firm received official action indicated (OAI) status from the USFDA for plant II & plant III facility located at Verna Industrial Estate Area, Goa, India.

Oriana Power hit an upper circuit of 10% after the company signed a Memorandum of Understanding (MoU) with Government of Rajasthan for various renewable energy projects worth Rs 10,000 crore.

RMC Switchgears hit an upper circuit of 5% after the firm received a letter of acceptance (LOA) from a reputed system integrator for the supply, installation and commissioning of 5,000 solar pumps in Maharashtra valued at Rs 90 crore.

Hindustan Construction Company (HCC) dropped 5.24%. The company informed that its board has approved the opening of issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 45.27 per equity share.

Texmaco Rail & Engineering rose 1.27% after the company secured an order worth Rs 187.41 crore from Chhattisgarh State Power Transmission for construction of nine No.132 KV transmission lines on turnkey basis.

Mankind Pharma fell 1.02%. The company informed that its board has approved the opening of issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 2,616.55 per equity share.

NITCO jumped 4.80% and Prestige Estate projects added 1.20% after the company has secured Rs 105.40 crore order from Prestige Estates Projects for the supply of tiles, marble, and mosaic.

Global Markets:

The Dow Jones index futures were down 137 points, signaling a negative opening for U.S. stocks today.

Most European stocks advanced while Asian shares ended lower on Tuesday as investors awaited a crucial week for central bank policy decisions. The U.S. Federal Reserve is widely expected to cut rates on Wednesday, while the Bank of Japan is likely to maintain its current stance.

This week sees policy meetings from central banks in the United States, Japan, UK, Sweden, Norway, Indonesia, and Thailand. The Bank of England, Norges Bank, and Bank of Thailand are anticipated to hold rates steady, while the Riksbank might opt for a rate cut. Bank Indonesia is expected to raise rates to support the weakening rupiah currency.

Data released on Monday revealed a steeper-than-expected slowdown in China's consumer spending during November, negatively impacting stocks. Retail sales rose only 3% year-on-year, which is the weakest growth in three months and significantly lower than October's 4.8% increase.

In the US, major US technology stocks continued their upward momentum on Monday, propelling the Nasdaq Composite to record highs. However, the Dow Jones Industrial Average lagged behind, reflecting ongoing investor uncertainty about economic policies under the new administration.

The S&P 500 rose 0.38% to 6,074.10 points, while the NASDAQ Composite surged 1.24% to a record high of 20,204.58 points. The Dow Jones Industrial Average fell 0.25% to 43,717.48 points.

The chip sector experienced a rally, mirroring Broadcom Inc.'s continued gains fueled by strong earnings and guidance related to artificial intelligence. The prospect of lower interest rates in the near future also boosted other prominent tech companies like Apple, Amazon, and Alphabet.

The Tata LPO 1618 diesel bus chassis is developed specifically for intercity and long-distance travel. These chassis are known for superior performance, passenger comfort and low total cost of ownership (TCO).

Anand S, vice president and head – commercial passenger vehicle business, Tata Motors, said, “We thank the Uttar Pradesh Government and UPSRTC for giving us the opportunity to supply a modern fleet of bus chassis. This order is a powerful validation of our commitment to delivering class-leading mobility solutions. Our consistent performance and ability to meet UPSRTC’s evolving transportation needs demonstrate our technological prowess and reliability in the public transport ecosystem. We look forward to commencing supplies as per the guidance of UPSRTC.”

Tata Motors, part of the Tata Group, is a global automobile manufacturer of cars, utility vehicles, pickups, trucks and buses.

The company reported a 9.97% decline in consolidated net profit to Rs 3,450 crore on a 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25 over Q2 FY24.

The counter slipped 0.32% to currently trade at Rs 782 on the BSE.

Tata Motors, part of the Tata Group, is a global automobile manufacturer of cars, utility vehicles, pickups, trucks and buses.

The company reported a 9.97% decline in consolidated net profit to Rs 3,450 crore on a 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25 over Q2 FY24.

The counter slipped 1.16% to currently trade at Rs 777.20 on the BSE.

At 11:29 IST, the barometer index, the S&P BSE Sensex, declined 691.71 points or 0.85% to 80,598.25. The Nifty 50 index dropped 220 points or 0.9% to 24,335.50.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.17% and the S&P BSE Small-Cap index tumbled 1.07%.

Sellers outnumbered buyers. On the BSE, 1,115 shares rose and 2,694 shares fell. A total of 141 shares were unchanged.

IPO Update:

The initial public offer (IPO) of One MobiKwik Systems received bids for 33,90,34,746 shares as against 1,18,71,696 shares on offer, according to stock exchange data at 11:06 IST on 13 December 2024. The issue was subscribed 28.56 times.

The issue opened for bidding on 11 December 2024 and it will close on 13 December 2024. The price band of the IPO is fixed between Rs 265 to Rs 279 per share. An investor can bid for a minimum of 53 equity shares and in multiples thereof.

The initial public offer (IPO) of Vishal Mega Mart received bids for 1,70,29,28,960 shares as against 75,67,56,757 shares on offer, according to stock exchange data at 11:06 IST on 13 December 2024. The issue was subscribed 2.25 times.

The issue opened for bidding on 11 December 2024 and it will close on 13 December 2024. The price band of the IPO is fixed between Rs 74 to Rs 78 per share. An investor can bid for a minimum of 190 equity shares and in multiples thereof.

The initial public offer (IPO) of Sai Life Sciences received bids for 5,97,15,522 shares as against 3,88,29,848 shares on offer, according to stock exchange data at 11:06 IST on 13 December 2024. The issue was subscribed 1.54 times.

The issue opened for bidding on 11 December 2024 and it will close on 13 December 2024. The price band of the IPO is fixed between Rs 522 to Rs 549 per share. An investor can bid for a minimum of 27 equity shares and in multiples thereof.

The initial public offer (IPO) of Inventurus Knowledge Solutions received bids for 1,66,24,091 shares as against 1,03,66,780 shares on offer, according to stock exchange data at 11:06 IST on 13 December 2024. The issue was subscribed to 1.60 times.

The issue opened for bidding on 12 December 2024 and it will close on 16 December 2024. The price band of the IPO is fixed between Rs 1,265 and Rs 1,329 per share. An investor can bid for a minimum of 11 equity shares and in multiples thereof.

The initial public offer (IPO) of International Gemmological Institute (India) received bids for 21,28,910 shares as against 5,85,60,902 shares on offer, according to stock exchange data at 11:06 IST on 13 December 2024. The issue was subscribed to 0.04 times.

The issue opened for bidding on 13 December 2024 and it will close on 17 December 2024. The price band of the IPO is fixed between Rs 397 and Rs 417 per share. An investor can bid for a minimum of 35 equity shares and in multiples thereof.

Buzzing Index:

The Nifty PSU Bank index declined 2.23% to 6,877.05. The index slipped 3.85% in three consecutive trading sessions.

Indian Overseas Bank (down 4.65%), UCO Bank (down 4.38%), Central Bank of India (down 4.17%), Union Bank of India (down 3.16%), Canara Bank (down 2.97%), Indian Bank (down 2.93%), Bank of Baroda (down 2.86%), Punjab National Bank (down 2.82%), Bank of Maharashtra (down 2.63%) and Punjab & Sind Bank (down 2.4%) declined.

Stocks in Spotlight:

CRISIL advanced 3.76% after the company’s board approved the acquisition of 4.08% stake in Online PSB Loans (OPL) for Rs 33.25 crore on a fully diluted basis.

Tata Motors fell 1.06%. The company announced a price increase of up to 2% across its trucks and buses portfolio, effective January 1, 2025, to offset the rise in input costs.

Hindustan Aeronautics (HAL) rose 0.70%. The company informed that it has signed a contract with the Ministry of Defence worth Rs 13,500 crore for the procurement of 12 Su-30 MKI aircraft along with associated equipment.

Global Markets:

Asian equities traded mixed on Friday, with investors taking a cautious stance ahead of the Federal Reserve's upcoming policy meeting next week.

China's top leaders have announced plans for further stimulus measures to bolster the country's economy. This decision, made during the annual meeting of the Chinese Communist Party and the cabinet, involves increasing the budget deficit, borrowing more, and lowering interest rates. This aggressive approach is a departure from previous years of weaker growth and declining consumer demand. The government aims to maintain economic growth and stability in employment and prices for the upcoming year.

US stocks closed lower on Thursday as Treasury yields climbed following a hotter-than-expected inflation report. The Dow Jones Industrial Average fell 0.53%, the S&P 500 index lost 0.54%, and the NASDAQ Composite index declined 0.65%.

While US consumer price index data released on Wednesday was largely in line with expectations, producer prices rose more than anticipated in November, increasing 0.4% last month, ahead of the expected 0.2% gain. In the 12 months through November, the PPI shot up 3.0% after increasing 2.6% in October. This suggests underlying inflationary pressures may persist.

Adobe Systems Incorporated stock plummeted over 14% after the software giant issued a disappointing annual sales outlook. The company's recent efforts to incorporate artificial intelligence into its offerings appear to be taking longer than expected to generate significant returns.