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    500570   INE155A01022

TATA MOTORS LIMITED

(500570)
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End-of-day quote Bombay Stock Exchange  -  2022-06-23
409.20 INR   +0.49%
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Indian shares track broader Asian stocks higher; Reliance jumps

05/13/2022 | 02:04am EDT

BENGALURU, May 13 (Reuters) - Indian shares rose on Friday as Asian markets firmed, heavyweight Reliance Industries rallied, and investors looked past a high domestic inflation reading, while automaker Tata Motors surged after reporting improved demand.

The NSE Nifty 50 index was up 1.03% at 15,970.45 as of 0508 GMT, with all major sub-indexes trading higher, while the S&P BSE Sensex rose 0.93% to 53,421.08.

The benchmark indexes, which declined more than 2% each in the previous session, are set to snap their five-day losing streak if Friday's gains hold. Still, they're on track to post their longest weekly losing streak since 2020.

In global markets, Asian shares rose and the dollar remained at 20-year highs.

"With many days of selling in the domestic and global markets, and after two key inflation data from India and U.S. already discounted, we're seeing some kind of a relief rally," said Narendra Solanki, head of equity research at Anand Rathi Investment Services.

India's annual retail inflation rose by a more-than-expected 7.79% in April, staying above the Reserve Bank of India's tolerance band of 6% for a fourth straight month.

The market will take further cues based on the quantum or steepness of the rate hikes by the central banks, Solanki said.

Conglomerate Reliance Industries, India's most valuable company, jumped 2.4%, and was set to snap a nine-day losing streak.

Bajaj Finance, Bajaj Finserv were among the top Nifty 50 gainers, advancing over 1% each.

The Nifty's auto index was the top gainer among other sub-indexes, adding 3%. Tata Motors led the jump with its 8.8% climb after reporting a smaller quarterly loss and saying it will meet yearly profit and cashflow targets.

Nifty 50 components State Bank of India and Eicher Motors were up 0.8% and 2%, respectively, ahead of their quarterly results announcement. (Reporting by Rama Venkat in Bengaluru; Editing by Vinay Dwivedi and Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED 2.58% 5588 End-of-day quote.-19.91%
BAJAJ FINSERV LIMITED 0.26% 11582.95 Delayed Quote.-29.40%
BANK OF INDIA LIMITED 3.88% 45.5 End-of-day quote.-11.39%
BRITISH POUND / US DOLLAR (GBP/USD) -0.15% 1.2254 Delayed Quote.-9.39%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.7751 Delayed Quote.-2.67%
EICHER MOTORS LIMITED 2.07% 2876.8 End-of-day quote.11.08%
EURO / US DOLLAR (EUR/USD) 0.01% 1.0554 Delayed Quote.-7.48%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.15% 0.012783 Delayed Quote.-4.67%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.02% 0.6311 Delayed Quote.-8.10%
NIFTY 50 0.92% 15699.25 Delayed Quote.-9.54%
RELIANCE INDUSTRIES LTD 1.42% 2500.05 Delayed Quote.5.57%
SENSEX BSE30 0.88% 52727.98 Real-time Quote.-9.49%
STATE BK OF INDIA 0.63% 454.25 Delayed Quote.-1.35%
TATA MOTORS LIMITED 0.49% 409.2 End-of-day quote.-15.17%
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Financials
Sales 2022 2 785 B 35 586 M 35 586 M
Net income 2022 -81 758 M -1 045 M -1 045 M
Net Debt 2022 788 B 10 064 M 10 064 M
P/E ratio 2022 -18,7x
Yield 2022 -
Capitalization 1 459 B 18 639 M 18 639 M
EV / Sales 2022 0,81x
EV / Sales 2023 0,67x
Nbr of Employees 73 608
Free-Float 58,0%
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Mean consensus BUY
Number of Analysts 28
Last Close Price 409,20 INR
Average target price 525,21 INR
Spread / Average Target 28,4%
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Managers and Directors
Thomas Flack Co-President & Chief Purchasing Officer
Rajendra Petkar Co-President & Chief Technology Officer
Ravindra Kumar G.P Co-President & Chief Human Resources Officer
Pathamadai B. Balaji Group Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
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