Tata Motors Share Price Drops sharply after their Q4 2024 results. Here’s a breakdown.
Tata Motors Share Price Drops
Share price dropped over 9% on Monday, opening at ₹1,005 and reaching a low of ₹947.20.
Why the Drop?
Analysts say the Q4 results were mixed:
High net profit but limited profit margin growth.
Cautious outlook for H1 2025 with concerns about demand.
Potential for further decline to ₹950 per share.
Analyst Opinions
Emkay Global: “Neutral” with a target price of ₹950. Sees potential downsides due to orderbook decline and higher costs.
Motilal Oswal: Maintains “Neutral” with a target price of ₹955. Acknowledges strong FY24 performance but expects headwinds in the future.
Tata Motors Q4 Results (May 10, 2024)
Net profit up 222% year-on-year to ₹17,407 crore.
Consolidated revenue up 13.3% to ₹1,19,986 crore.
Investment Decision
This article doesn’t recommend buying or selling. It highlights the drop and analyst opinions to help you make your own informed decision. Consider consulting a financial advisor before investing.