Tata Motors revvs up

Tata Motors has been in the limelight in today’s trading session. The stock price rose 3.5% to Rs.397.40, with over 6 lakh shares changing hands.

The company will be declaring its Q3FY18 numbers today and expectations, based on the robust monthly sales numbers have been running very high.

Most brokerage houses have stated that they expect the company to post anywhere between 3 to 5 times jump in consolidated net profit. With good JLR numbers and losses narrowing down in India, hopes hinge high.

Tomorrow’s trend for the stock price will be decided, apart from the Q3 numbers by other details like performance in China and USA, new launches lined up, future trend for JLR and forex losses due to hedges.