Tata Motors Shares Earned Rs 194 Crore Every Day: Due to the high demand for Nexon and Punch, Tata made Rs 194 crore in profit each day
Tata Motors Shares Earned Rs 194 Crore Every Day: Experts are hopeful that its impact may be seen on the shares of Tata Motors. Tata Motors shares have given returns of more than 100% in the last one year. It still has so much potential that it can repeat its history in the next one year. However, this matter is not yet 100% confirmed.
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Tata Motors Shares Earned Rs 194 Crore Every Day
Tata… is such a name in this country, which ranges from vehicles to stocks, from salt to iron. You can present Tata Group in front of the people of the country on any parameter. You will always get a positive answer. Tata Motors has released the results for the fourth quarter of the financial year 2023-24, in which the net profit has tripled to Rs 17,528.59 crore.
Now experts are hoping that its impact can be seen on the shares of Tata Motors. Tata Motors shares have given returns of more than 100% in the last one year. It still has so much potential that it can repeat its history in the next one year. However, this matter is not yet 100% confirmed.
Business is Paying a Rs. 6 Dividend
The company’s net profit in the fourth quarter (January-March) of the financial year 2022-23 was Rs 5,496.04 crore. Tata Motors said in the information given to the stock market on Friday that the operating income of the company in the March quarter was Rs 1,19,986.31 crore, whereas in the same quarter last year it was Rs 1,05,932.35 crore. Let us tell you that it has been recommended to give a dividend of Rs 6 or 300 percent for the financial year ending March 31, 2024.
How We Earned Money
Tata Motors sold 14,058 Nexon cars and 17,547 Punch units as of March 2024. On a year-over-year (YoY) basis, Punch sales have increased by 61%, while Nexon sales have decreased by 5%. The Nexon continues to be one of Tata Motors’ best-selling vehicles, but the Punch is the company’s highest-performance variant. Another company causing a stir in the EV market is Tata Group. Currently, one of the biggest sellers of electric vehicles in India is Tata Motors.
