Tata Motors share price dips as semiconductor shortage impacts production
live bse live
nse live Volume Todays L/H More ×
Tata Motors share price slipped in early trade on September 2 after the company was forced to cut down its production due to a shortage of semiconductors.
“Semiconductor shortage continues to impact the auto industry globally. The recent lockdowns in East Asia have worsened the supply situation and hence Tata Motors is forced to moderate production and offtake volumes in the coming months,” the company said in its release.
“The situation is fluid and we will continue to work to mitigate the impact of this and aim to meet our customer orders through an agile, multi-pronged approach including close engagement with our extended supply chain partners, procuring chipsets from the open market, using alternate chips and managing our model and trim mix,” the company added.
Catch all the market action on our live blog
In August 2021, Tata Motors sold 57,995 vehicles in the domestic & international market, compared to 36,505 units in August 2020.
Its total commercial vehicle sales were up 66 percent to 29,781 units versus 17,889 units and passenger vehicle sales were up 51 percent at 28,018 units against 18,583 units, YoY.
At 09:52 hrs, Tata Motors was quoting at Rs 294.55, down Rs 0.65, or 0.22 percent on the BSE.
The share touched a 52-week high of Rs 360.65 and a 52-week low of Rs 122.15 on 15 June, 2021 and 24 September, 2020, respectively.
Currently, it is trading 18.33 percent below its 52-week high and 141.14 percent above its 52-week low.
Tata Motors share price: Buy Tata Motors, target price Rs 400: Emkay Global
Did you Know? Stock score of Tata Motors Ltd moved up by 1 in a month on a 10-point scale. View Latest Stock Report »
Emkay Global has buy call onwith a target price of Rs 400. The current market price of Tata Motors Ltd. is Rs 287.55.Time period given by analyst is one year when Tata Motors price can reach defined target. Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 96936.39 Crore) operating in Auto sector.For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 66988.05 Crore, down -25.00 % from last quarter Total Income of Rs 89319.34 Crore and up 105.55 % from last year same quarter Total Income of Rs 32589.59 Crore. Company reported net profit after tax of Rs -4320.60 Crore in latest quarter.Promoters held 46.4 per cent stake in the company as of March 31, 2021, while FIIs held 13.8 per cent, DIIs 12.1 per cent and public and others 27.8 per cent.
Tata Motors Edges Higher After Domestic Sales Rise 53% In August
Tata Motors reported domestic sales of 54,190 units in August 2021
Share price of Tata Motors edged higher by around three per cent on Wednesday, September 1, after the company announced its sales numbers for the last month. On Wednesday, Tata Motors opened on the BSE at Rs 288.50, swinging to an intra day high of Rs 297.30 and an intra day low of Rs 287.35, in the trading session so far.
Tata Motors reported a domestic sales of 54,190 units in August 2021, compared to 35,420 units in the corresponding month last year, marking a growth of 53 per cent year-on-year. The company’s sales in the domestic and international market for August 2021 stood at 57,995 vehicles, compared to 36,505 units in the same month last year, according to a regulatory filing by the firm to the stock exchanges today.
In terms of commercial vehicles, Tata Motors reported total domestic sales of 26,172 units in August, compared to 16,837 units in the corresponding month last year, marking a growth of 55 per cent year-on-year. The company sold 29,781 units of total commercial vehicles last month, compared to 17,889 units sold in August 2020, registering a growth of 66 per cent year-on-year.
In terms of passenger vehicles, Tata Motors reported total sales of 28,018 units in August 2021, compared to 18,583 units sold in the year-ago period, and 30,185 units sold in July 2021.
On the NSE, Tata Motors opened at Rs 289, registering an intra day high of Rs 297.40 and an intra day low of Rs 287.30, in the session so far. It was last trading 2.75 per cent higher at Rs 295.20 on the NSE.
Shares of Tata Motors were last trading 2.71 per cent higher at Rs 295.15 on the BSE.