Tata Motors Ltd Stock News

All the Nifty stocks are in red at this hour, the top losers are Tata Motors tanked at 5.5%, followed by IndusInd Bank, Tech Mahindra, Bharti Airtel and M&M.

Tata Motors — which in December 2021 became India’s second-largest car-seller has now become the country’s largest SUV player, a company official said.

Tata Motors on Wednesday rolled out special edition version of its SUV models, including Punch and Safari, priced between Rs 8.58 lakh and Rs 20.99 lakh (ex-showroom), to mark its leadership in the segment.

Tata Motors rolled out special edition version of its SUV models, including Punch and Safari, priced between Rs 8.58 lakh and Rs 20.99 lakh (ex-showroom)

Riding on the new model, MSI aims to further augment its position in the premium hatchback segment. Baleno''s rivals include Hyundai i20, Tata Motors Altroz and Volkwagen Polo.

20 companies were in the ''Leadership'' category, against 11 in 2020 and six in 2019. These included Airtel, Cipla, HDFC Life, Marico and Tata Motors among others

I am not bullish on Tata Motors, specifically at these prices, because this is one auto stock which never corrected and it is still near its highs whereas most of the auto stocks actually went to almost 52-week lows and from there they are recovering. My preference in the four-wheelers would be with M&M or Maruti.

Investors sold Nvidia stock on earnings news, but a look under the hood shows that was a mistake.

A bill of entry is merely an order of assessment and not an order of delivery of goods imported, and hence does not attract any levy, the Bombay High Court has clarified, granting temporary relief to Tata AutoComp Systems, which had approached the court to challenge the legality and validity of stamp duty on the same. The Court, in its ruling, has followed the stand taken by the Gujarat High Court in a decade-old case. The Tata Group-owned automotive component major had challenged the stamp duty on ‘Bills of Entry’ on import of goods.Currently, an importer has to pay a 0.10% levy on the total assessed value of goods, under the Maharashtra Stamp Act, on the Bill of Entry. The company has also sought a refund of Rs 250 crore for the levy it had paid from April 1, 2019, to December 31, 2021, along with interest.It has further argued that it is entitled to the refund since the state never had any authority to levy the said stamp duty on the bills of entry. “We note that the Supreme Court declined to stay the order of the Gujarat High Court in the SLP (Special Leave Petition) filed by the State of Gujarat.

Friday''s top analyst upgrades and downgrades included Altice USA, Applied Materials, Block, Coeur Mining, Consolidated Edison, Fastly, Shopify, SM Energy, Tata Motors and Wingstop.

While Tata Motors is in favour of EVs, Maruti Suzuki believes that hybrids are more suitable for the Indian market given the limited charging infrastructure in the country

Companies including R Systems International, Huhtamaki India and Vijay Textiles will announce their December quarter results today.

The brokerage said Tata Motors'' actions on mix and cost should revive its subsidiary Jaguar Land Rover''s free cash flow generating potential. Besides, India''s commercial vehicle segment recovery is likely to continue after a severe downturn. JP Morgan said these factors should help the company''s deleveraging plans.

Upgrades HSBC upgraded the previous rating for Equinor ASA (NYSE:EQNR) from Hold to Buy. For the fourth quarter, Equinor had an EPS of $1.35, compared to year-ago quarter EPS of $0.17. The current sto

Nifty closed flat at 17,304.60, down 17.60 points, or 0.01 percent lower while While Sensex closed at 57,892.01, down 104.67 points, or 0.18 percent on Thursday. Here are key stocks that moved the most in today''s trading session: