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Tata Motors
Future of Tata Motors Scrip
Posted by :
jainvik7Tracked by: 0 Boarder
The future depends on Nano and the Jaguar deal. Jaguar was not that impressive this time. Lets see if Nano creates a difference. I would say, try and average it out. Its a good buy at these levels. But again, things are pretty uncertain for the auto sector with the crude prices, soaring materials cost, increased loan rates etc etc. So many negative factors affecting this sector. Tough decision!!!...
In reply to:
Future of Tata Motors Scrip
Posted by : rekris56
I bought Tata Motor scrip at Rs890 per share. When will see some profit in this counter? 
Future of Tata Motors Scrip
Posted by : rekris56Tracked by: 0 Boarder
I bought Tata Motor scrip at Rs890 per share. When will see some profit in this counter? ...
Limited downside in Tata Motors: Baliga
Posted by :
MMB MessengerTracked by: 1 Boarder
Ambareesh Baliga of Karvy Stock Broking is of the view that in Tata motors there is not much more of a downside from here....
kartik,trichy
Posted by : skchandanTracked by: 0 Boarder
i am holding it at 500, It seems it is going to oscillate around 380 in the near term. Long term 2 year plus, it should be good buy at lower levels....
In reply to:
kartik,trichy
Posted by : Guest
i am holding tatamotors for the price of rs.620 ,tell me the future prospectus?
kartik,trichy
Posted by : GuestTracked by: 0 Boarder
i am holding tatamotors for the price of rs.620 ,tell me the future prospectus?...
Dividend given
Posted by : swapnilsahamateTracked by: 0 Boarder
Can I know how much Dividend is given to Tata motors shareholders ...
shall i buy tata motors for short term
Posted by : nagarajnaikTracked by: 0 Boarder
shall i buy tata motors for short term...
TAta motors will rule
Posted by : pkjattkingTracked by: 3 Boarders
No daout about it.............I think its a gOOd buy now....
Tata Motors
Posted by :
n4niceTracked by: 0 Boarder
Net sales for the period grew 15%
Tata motors sales is increased in difficult situation also!!...
In reply to:
Tata Motors
Posted by : zoombusiness
Tata Motors, India’s largest commercial vehicle maker, on Wednesday reported a lacklustre quarterly performance. The company reported a 30% decline in net profit (on a stand-alone basis) at Rs 326 crore for the quarter ended June 2008, the worst in six years. Net sales for the period grew 15% to Rs 6,928.4 crore.
The company’s profitability (on a stand-alone basis) was hit by a stagnant vehicle market and fast-rising input prices. The operating margin fell by 116 basis points to 7.5% of net sales, the lowest since June 30, 2002, when the company registered a margin of 6.4%. Raw material costs, the biggest expenditure for the company, increased 26% in the quarter to Rs 5,025 crore on account of surging commodity prices, especially steel.
Raw material costs rose 21% per vehicle, which was partly offset by price increases. By comparison, Tata Motors’ sales realisation rose 10% during the June 2008 quarter compared to the corresponding period last year. The company has carried out two price increases during FY09 so far and is expected to announce further price hikes.
The company’s bottomline was also affected by a foreign exchange (nominal) loss of Rs 200 crore during the quarter due to depreciation in the rupee against the dollar. The company had raised long-term funds through the foreign currency convertible bonds route.
Vehicle sales during the quarter grew 4% to over 1.33 lakh units. Bulk of the volume growth was accounted for by higher sales of trucks and commercial vehicles in the domestic market while sales of passenger cars remained stagnant. Vehicle exports declined by a third to 9,220 units due to challenging economic environment in some of its key overseas markets.
The company aims to reverse this trend by launching the Nano and a new version of the Indica in the second half of this financial year. This will be closely followed by the launch of the World Truck, the 1-tonne version of the Ace, a new SUV platform, and Marcopolo buses.
During the quarter, Tata motors also partially divested its stake in Tata AutoComp Systems from 50% to 26% raising Rs 114 crore. Tata AutoComp, previously a subsidiary of Tata Motors, is now an associate company of the automaker.
The stock has been an underperformer this year falling more than 40%, compared with a 30% decline in the Sensex.
The outlook for the company remains challenging on account of a slowdown in auto market, the rising input costs, higher interest rates and general inflationary trends.
-et
Tata Motors
Posted by : zoombusinessTracked by: 0 Boarder
Tata Motors, India’s largest commercial vehicle maker, on Wednesday reported a lacklustre quarterly performance. The company reported a 30% decline in net profit (on a stand-alone basis) at Rs 326 crore for the quarter ended June 2008, the worst in six years. Net sales for the period grew 15% to Rs 6,928.4 crore.
The company’s profitability (on a stand-alone basis) was hit by a stagnant vehicle market and fast-rising input prices. The operating margin fell by 116 basis points to 7.5% of net sales, the lowest since June 30, 2002, when the company registered a margin of 6.4%. Raw material costs, the biggest expenditure for the company, increased 26% in the quarter to Rs 5,025 crore on account of surging commodity prices, especially steel.
Raw material costs rose 21% per vehicle, which was partly offset by price increases. By comparison, Tata Motors’ sales realisation rose 10% during the June 2008 quarter compared to the corresponding period last year. The company has carried out two price increases during FY09 so far and is expected to announce further price hikes.
The company’s bottomline was also affected by a foreign exchange (nominal) loss of Rs 200 crore during the quarter due to depreciation in the rupee against the dollar. The company had raised long-term funds through the foreign currency convertible bonds route.
Vehicle sales during the quarter grew 4% to over 1.33 lakh units. Bulk of the volume growth was accounted for by higher sales of trucks and commercial vehicles in the domestic market while sales of passenger cars remained stagnant. Vehicle exports declined by a third to 9,220 units due to challenging economic environment in some of its key overseas markets.
The company aims to reverse this trend by launching the Nano and a new version of the Indica in the second half of this financial year. This will be closely followed by the launch of the World Truck, the 1-tonne version of the Ace, a new SUV platform, and Marcopolo buses.
During the quarter, Tata motors also partially divested its stake in Tata AutoComp Systems from 50% to 26% raising Rs 114 crore. Tata AutoComp, previously a subsidiary of Tata Motors, is now an associate company of the automaker.
The stock has been an underperformer this year falling more than 40%, compared with a 30% decline in the Sensex.
The outlook for the company remains challenging on account of a slowdown in auto market, the rising input costs, higher interest rates and general inflationary trends.
-et...
get out
Posted by : marketbearTracked by: 0 Boarder
get out of Tata Motors as it will fall in coming sessions on the back of bad numbers coupled with the rate hike. Tata Motors can fall upto level of 300 levels as future is not looking good for the stock. But stock can be good bet for long term...
NSE Announcements on Tata Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Motors Limited has informed the Exchange vide notes to Accounts in the Audited Financial Results for the quarter ended June 30, 2008 (taken on record by the Board of the Directors of the Company at its Meeting held on July 30, 2008) that : "Effective from April 1, 2008, the company has applied hedge accounting principles in respect of forward exchange contracts as set out in Accounting Standard (AS) 30 - Financial Instruments : Recognition and Measurement, issued by the Institute of Chartered Accountants of India. Accordingly, all such contracts outstanding as on June 30, 2008 are marked to market and a notional loss aggregating to Rs 13116 lakhs (net of tax) arising on contracts that were designated and effective as hedges of future cash flows, has been directly recognised in the Hedging Reserve Account to be ultimately recognised in the Profit and Loss Account depending on the exchange rate fluctuation till and when the underlying forecasted transaction occurs. Earlier such notional loss / gain was recognised in the profit and Loss Account on the basis of exchange rate on the reporting date"....
NSE Announcements on Tata Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Motors Limited has informed the Exchange regarding a press release dated July 30 ,2008, titled " Tata Motors Net Revenue grows to Rs.6928.44 crores in 1st Qtr 2008-09, PAT declines to Rs.326.11 crores, New products in entry mid-size cars, LCV passenger carrier and M&HCV segments strengthen market share". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Tata Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Motors Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 692844 lacs for quarter ending on 30-JUN-2008 against Rs. 605682 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 32611 lacs for the quarter ending on 30-JUN-2008 against Rs. 46676 lacs for the quarter ending on 30-JUN-2007....
BSE Announcements on Tata Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Motors Ltd has informed BSE regarding a Press Release dated July 30, 2008 titled "Tata Motors Net Revenue grows to Rs 6928.44 crores in 1st Qtr 2008-09; PAT declines to Rs 326.11 Crores"....
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