FY24 was a remarkable year for the company with record revenue, profits and dividend helped by superior performance in domestic and overseas businesses. The stock nearly doubled during the year, a reflection of investors’ recognition of its upbeat show. However, the growth is likely to moderate in the near term.
The stock of Tata Motors fell by over 8% on Monday despite a record-breaking financial performance in FY24. There are no major near-term earnings triggers for the stock and the company’s guidance across segments has been muted. This is the prime reason analysts believe that the company’s best performance is behind. The full year margin of the UK subsidiary Jaguar Land Rover (JLR) for the current year is expected to be lower than the March 2024
BY
ET Bureau
4 mins read, Last Updated:
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