Tata Motors Q1FY18: Result expectations

India Infoline News Service | Mumbai | August 09, 2017 10:19 IST

Tata Motors is going to announce its financial results for the quarter ended June 2017 on Wednesday.

Major indices in the market were trading lower during the morning hours on Wednesday. Nifty was down by 26 points at 9,952 level while Sensex was down by 107 points at 31,906 level as of 0948 hours. BSE Auto index was trading at 24,665 level, down by 74 points. Tata Motors was the top loser on the index trading at Rs 425 per share, down by 1.25%. It was the top contributor for index losses.
 
Tata Motors is going to announce its financial results for the quarter ended June 2017 on Wednesday. Following are the result expectations for the company’s first quarter of FY18:
 
Result Expectation: Tata Motors Q1 FY18 (YoY):
 
PAT is likely to fall 35% to Rs 6,525 crore.
Net sales seen at 5.5% lower at Rs 59,790 crore.
EBITDA expected 14% lower at Rs 6,525 crore.
EBITDA margin may narrow to 10.9% from 11.6%.
 
Stock View:
 
Tata Motors Ltd is currently trading at Rs 425.5, down by Rs 4.9 or 1.14% from its previous closing of Rs 430.4 on the BSE.
 
The scrip opened at Rs 428.5 and has touched a high and low of Rs 430.15 and Rs 423.35 respectively. So far 2755505(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 136905.22 crore.
 
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 417.1 on 08-May-2017. Last one week high and low of the scrip stood at Rs 450 and Rs 425.9 respectively.
 
The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 39.59 % and 25.68 % respectively.
 
The stock is currently trading below its 200 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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