Tata Motors crashed over 11% today. It seems markets didn’t like their results, which showed a doubling of profits on a year-on-year basis. Consolidated profits were at Rs. 13,516 crores (Rs. 135.16 bn) a good 45% above last year’s profit of Rs. 9,274 cr (92.74 bn). The EPS went up 40% at 40.81 from 29.06. [...]
Entries Categorized as 'TataMotors'
May 30, 2012
October 19, 2011
In 2008, Tatamotors issued shares with Differential Voting Rights (Symbol: TATAMTRDVR) to shareholders in a rights issues (one DVR for every 6 shares, and also one regular share for every six held). (Read an EQM article on this) The idea was that the DVR would hold only 10% voting rights as the regular share, and [...]
August 10, 2010
In a flat market, it’s always useful to look at stocks making new highs. I’ve seen a lot of action in the small and mid caps recently, but in the last few days one large cap has shown an exceptionally strong move. Tata Motors made a fantastic move…