Tata motors are the strongest stock in the auto sector. The stock is trading around Rs 273. The stock is trading up 286% from its March price of 68 rupees. The stock hit its 52 week high on 22 January 2021.
Tomorrow the results of Tata Motors are going to come, on which the market is eyeing. It is estimated that the earnings of Tata motors in the third quarter may increase by 12.3 per cent to Rs 80412 crore as compared to Rs 71590 crore in the third quarter of last year.
The company’s profit in the third quarter may grow by 54 per cent year-on-year to Rs 2745 crore. The company had a profit of Rs 1782 crore in the third quarter of last year.
The company’s OPM in the third quarter may have increased to 13.4 percent from 10.3 percent in the third quarter of last year.
JLR’s revenue could grow 2 per cent to £ 6708 million in the third quarter of FY 2021 from £ 652.5 million in the third quarter of last year.
JLR’s profit could grow by 85 per cent to £ 383 million in the third quarter of FY 2021 from £ 207 million in the third quarter of last year. JLR’s EBITDA could grow to £ 101 million in the third quarter from £ 688 million in the third quarter of last year. At the same time, OPM can increase from 10.5 percent to 15 percent.
Market giants believe that despite the strong gains so far, the stock is still trading below its all-time high. We can see further growth in this now. However, due to the strong growth in this stock, there is a possibility of making a profit in it. Traders may want to keep some profits in their pocket. Navneet Daga of Yes Securities says that the stock is still trading at half its peak price. There is scope to earn money for investors who invest from a long-term perspective.
Market Live: 8 companies of NIFTY to present Q3 results, including Tata Motors, CIPA
