|Bid||248.60 x 0|
|Ask||248.65 x 0|
|Day's Range||247.20 - 251.80|
|52 Week Range||247.20 - 466.95|
|PE Ratio (TTM)||13.80|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||472.31|
(Reuters) - Tata Motors Ltd's fourth quarter profit halved, missing analysts' estimates due to higher expenses and a one-time impairment charge for certain product development programmes, the Indian automaker ...
India's markets watchdog SEBI ordered Tata Motors on Tuesday to launch an inquiry into the past leak of price-sensitive financial information. The order from the Securities and Exchange Board of India (SEBI) widens an investigation the agency began last year, after a Reuters report showed prescient messages about financial results of companies were shared in private WhatsApp chatrooms before their official release. Reuters identified 12 such instances relating to as many companies, with HDFC Bank and Axis Bank among the firms identified.
Net profit for the quarter ended Dec. 31 came in at 11.99 billion rupees ($187.15 million) compared with 937.7 million rupees in the same quarter a year ago. Tata Motors saw profit in the year-ago quarter hit by lower wholesale volumes and higher marketing expenses at its Jaguar Land Rover unit as well as wider losses at its domestic business.
MUMBAI/BENGALURU (Reuters) - India's Tata Motors reported a sharp rise in second-quarter profits on Thursday, helped by higher sales of its Jaguar and Land Rover cars, but warned of challenges ahead for its flagship British subsidiary. Jaguar Land Rover (JLR), which has been driving Tata Motors' profits for several years, expects sales in the UK and United States to soften because of competition but is confident of growth in China, JLR CEO Ralf Speth told reporters in Mumbai. JLR plans to launch several new products next year including the Jaguar XF Sportbrake sport-utility vehicle (SUV), the E-Pace, a compact SUV, and the I-Pace, its first electric sports car, Speth said after the company announced a three-fold rise in profit.