• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

Ignoring Quarterly Falling Profit, Investors Look For Potential Growth In Tata Motors’ New Models - Capital Street FX

29-Aug
10:21 IST

Tata Motors Ltd. reported Friday that its quarterly net profit dropped by 57% to 22.36 billion rupees ($333.7 million), from 52.31 billion rupees in the same period last year, due to weaker earnings at its UK subsidiary, Jaguar Land Rover (JLR) unit. JLR announced a 9.2% growth in revenue in the three months ended June 30 compared to a year ago thanks to higher sales, but also posted a 38% fall in net profit as a result of the sharp weakening post-Brexit pound.

However, investors seemed indifferent with the Mumbai-based auto maker’ June quarter results as they focused on the strong growth in JLR sales and some new models it launched earlier in the year which have been received well in the market such as F-Pace, XE and Evoque Convertible.

Trade suggestion

Buy Stop at 38.80, Take profit at 39.20, Stop loss at 38.60

Leave a Reply

Your email address will not be published. Required fields are marked *