Stock market news: Tata Motors shares climbs over 3%

NEW DELHI: Shares of Tata Motors Ltd. traded 3.41 per cent up in Friday's trade at 12:17PM (IST). Around 134,878 shares changed hands on the counter.

The scrip opened at Rs 58.5 and touched an intraday high and low of Rs 59.5 and Rs 58.15, respectively, in the session so far. The stock of Tata Motors Ltd. quoted a 52-week high of Rs 84.4 and a 52-week low of Rs 28.35.

Total market cap of the Tata Motors Ltd. stood at Rs 38689.4 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 31481.86 crore for the quarter ended 30-Jun-2020, down 49.18 per cent from previous quarter's Rs 61949.39 crore and down 48.25 per cent from the year-ago quarter's Rs 60830.16 crore.

The net loss for latest quarter stood at Rs 8437.99 crore, up 128.16 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2020, domestic institutional investors held 6.21 per cent stake in the firm, while foreign institutional investors held 15.62 per cent and the promoters 42.39 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -2.3 and a price-to-book ratio of 0.41. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Motors Ltd. belongs to the Auto - Cars/UV/CV industry.