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This restructuring initiative follows a period of successful independent operation for the company's commercial vehicles, passenger vehicles, and JLR businesses, each led by their respective CEOs since 2021.
Tata Motors stock witnessed good buying momentum through the day, touching an intraday high of Rs 992.60.
Tata Motors stock saw gains of 2.86% to close at Rs 977.40, building on positive momentum.
Brokerages like Morgan Stanley and Jefferies, who have an Overweight and Buy call on the stock, and have increased their target price to Rs 1,013 and Rs 1,100 per share after the Q3 numbers.
Top stocks to watch today are SBI, Tata Motors, UPL, Paytm, Zee Entertainment, Bank of India, IndiGo.
Tata Motors Limited (TML) has announced the sale of a 9.9% stake in Tata Technologies Ltd (TTL) for an aggregate consideration of INR 1,613.7 crore
According to Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, diesel vehicles could come under pressure after the implementation of BS-VII
Tata Motors' sustainable future goals are effectively addressed by the solar system, which is expected to reduce carbon emissions in Uttarakhand by 25 tonnes CO2/kWp. The project will be put into operation six months after the PPA's execution. The solar installation will be installed using ground-mounted units.
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