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%.
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.
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