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Tata Motors has a bleak Q3 update for JLR sales

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Tata Motors has a bleak Q3 update for JLR sales

Tata Motors on Wednesday posted a dismal update on third-quarter Jaguar Land Rover (JLR) sales, which continue to be constrained by semiconductor shortages.

However, Tata Motors said JLR’s sales improved from the second quarter. “Underlying demand for Jaguar Land Rover products remains strong and the company aggressively manages semiconductor supply to maximize production of higher-margin products,” Tata Motors said in a filing.

Retail sales for the quarter ended December 31, 2021 were 80,126 units, a decrease of 13.6% (12,600 units) from the previous quarter and a decrease of 37.6% (48,300 units) from a year earlier.

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Compared to the previous quarter, retail sales declined in all regions, including China (-6.9%), Europe (-6.8%), North America (-11.8%), UK (-24.3%) and overseas (-25.4%) %)

“Looking ahead, chip shortages remain and are difficult to predict, but we expect supply to continue to improve in the fourth quarter of the fiscal year ending March 31, 2022,” Tata Motors said.

Despite the impact of semiconductor shortages on production and sales, the company said demand for its products continued to be strong, with global retail orders at record levels.

Total orders for the new Range Rover have grown to more than 154,000 units, an increase of around 30,000 units from the previous quarter, while demand for the Land Rover Defender remains strong at around 36,000 units. Shares of Tata Motors rose 1 percent to close at Rs 506.30 on the NSE on Wednesday.

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“The new Range Rover embodies Jaguar Land Rover’s vision for modern luxury design. We are delighted that the positive feedback at launch has led to a strong order book for this all-new modern luxury model. In addition, Land Rover Defender continues to support our all-electric Jaguar I- Contributing to the record order pool next to PACE. Semiconductor supply challenges continue within the industry, but our wholesale volumes are improving. As supply improves in 2022, we look forward to completing deliveries to customers around the world,” said Jaguar Land Rover chief Commercial officer Lennard Hoornik said.

Complete News Source : mint

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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