Tata Motors zooms 7% on beating the Street with 137% surge in Q3 profit
Mon, Feb 5, 2024 2:05 PM

Tata Motors zooms 7% on beating the Street with 137% surge in Q3 profit

A Flip by Avya Verma
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On Feb 5, Tata Motors' shares rose by 7% on NSE after reporting strong Q3 numbers that exceeded expectations. The stock's value has risen by 99% in the last year. This quarter, the company's profit grew by 137.5% to Rs 7,025 crore, revenue increased by 25%, and EBITDA by 59%. Jefferies recommends buying with a target price of Rs 1,100, citing an expected.

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