Tata Motors likely to surge taking cues from its ADR and earnings

-
Tata Motors may witness an upward rally in the Wednesday’s trading session taking cues from its ADR and earnings.

Tata Motors's Q4FY17 consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 6.8 % lower than the estimated figure of Rs. 82866 crore.

EBITDA for the quarter came in 69.6 % higher than the estimated figure of Rs. 9853 crore. And lastly, net profit for the quarter came in 25.6 % higher than the estimated figure of Rs. 3502 crore.

Tata Motors ADR closed higher by 5.47% at USD 36.81 in the Tuesday’s trading session.

In the Tuesday’s trading session Nifty Auto index closed higher by 0.39% at 10380 levels wherein Maruti was the top gainer closed higher by around 2.5% at Rs 6867 per share. It seems markets have positive sentiments for the auto stocks and therefore the analysts estimate that the Tata Motors may see upward rally on Wednesday.

Stock View :-

Tata Motors Ltd ended at Rs 469, up by Rs 18.9 or 4.2% from its previous closing of Rs 450.1 on the BSE.

The scrip opened at Rs 469 and touched a high and low of Rs 469 and Rs 469 respectively. A total of 557352(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 143417.06 crore.

The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 380.55 on 23-May-2016. Last one week high and low of the scrip stood at Rs 456.45 and Rs 435 respectively.

The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 38.71 % and 26.56 % respectively.
 The stock traded above its 200 DMA.

Tata Motors Ltd -:
BSE 469.00 18.90 (4.20%)
NSE 470.00 19.50 (4.33%)


Comments

Post a Comment

Popular posts from this blog

WELCOME TO SMART MONEY FINANCIAL SERVICES

-
Image
               WELCOME TO SMART MONEY FS               WE CREATE THE OPPORTUNITY   "Smart Money Financial Service" is an Investment Advisory having a team consists of highly qualified analysts who are skilled and impeccable in their analysis. These analysts, using their experience and the latest software tools, are able to predict the movements in share market on time and with high accuracy. Please click here for Advisory Ranking: As a result, using our tips, our clients gain the most out of the share market. We provide recommendations for Stocks – Cash and F & O trad. 1. VISION GrowthPress focuses on conducting in-depth research on your customers, your competitors, and your search engine landscape. Using this, we create the right SEO strategy that helps. 2. MISSION You achieve your goals. Search engines are constantly evolving to reflect the complex human behavior. Thus, ...
Read more

Top intraday trading ideas for afternoon trade for Monday 31 December 2018

-
Image
Top intraday trading ideas for afternoon trade for Monday 31 December 2018  NEW DELHI:    Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters. Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Manas Jaiswal of manasjaiswal.com Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514. Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230. NSE LIVE 11:49 | 31-12-2018 Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630. Kunal Bothra independent market expert Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600. Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop los...
Read more

F&O: Put writing at all immediate strikes shows Nifty may hold up

-
Image
F&O: Put writing at all immediate strikes shows Nifty may hold up  The Nifty50 index opened in the negative but managed to recover sharply from lower levels and headed towards the 10,750 level on Wednesday. It formed a Piercing Line pattern on the daily scale, as it recovered its losses of the last session by more than a half. It has been making lower lows from last four sessions and holds above the 10,750-10,777 zone can negate the same to extend its recent bounce towards 10,850 and then 10,929 levels.  Nifty has reclaimed its 50-day EMA while on the downside it has support at 10,650 and then 10,600 levels.  On the options front, maximum Put OI was at 10,000 followed by 10,500 and 10,700 levels, while maximum Call OI was at 11,000 followed by 10,900 level. Meaningful Put writing was seen at all the immediate strike prices from 10,650 to 10,500 level, which suggests support is intact while Call unwinding was seen at most strike prices till 11,000 level. The...
Read more