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Tata Motors slides 4% on profit booking post December quarter results

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Tata Motors slides 4% on profit booking post December quarter results

Shares of Tata Motors fell 4% to Rs 498.55 in intraday trade on Tuesday after the company pared its consolidated loss on a quarter-on-quarter basis for September 2021-Q3 FY22 due to better availability . Semiconductors help Jaguar Land Rover (JLR) increase production.

Tata Motors shares were down 3% at Rs 502 at 9.30am, while the S&P BSE Sensex rose 1.2%. The stock is up 71% over the past six months, compared with the benchmark’s 12% gain.

Tata Group Commercial Vehicles reported a net loss of Rs 1,451 crore in the third quarter of FY22 compared to a net loss of Rs 4,415 crore in the September quarter (Q2 FY22). In the same period last year, it posted a net profit of Rs 2,941 crore.

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Operating income for the three-month period fell 4% year-on-year to Rs 72,229 crore compared to Rs 75,653 crore in the same period. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter was Rs 9,057 crore, corresponding to an EBITDA margin of 12.5%, up 250 basis points sequentially.

Tata Motors said demand remains strong despite recent concerns about the Omicron spread. The semiconductor supply situation is gradually improving, and inflation concerns persist. The resilience of the business has improved over the past two years, and it is now inherently stronger. By taking concerted action to address near-term supply and cost challenges, the company expects further improvement in Q4 FY22 and beyond.

Tata Motors’ third-quarter results exceeded our expectations, mainly driven by Jaguar Land Rover’s sequential increase in EBITDA margins driven by a favorable product mix. Gross margins rose about 320 basis points sequentially in the quarter, ICICI Securities said in a report.

The company was guided by a strong demand outlook (Jaguar Land Rover (JLR) booked 155,000 units, up 30,000 units sequentially), coupled with a gradual improvement in chip availability, resulting in healthy profitability. The brokerage said it continued to lead the domestic EV market with about 82 percent market share and remained committed to its long-term electrification goals at Jaguar Land Rover.

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The near-term sales outlook remains uncertain due to JLR’s semiconductor uncertainty, which will be compensated by a richer mix, limiting the impact on EBIDTA. Analysts at Edelweiss Securities said the launch of the RR along with strong demand for the RRS and strong demand for the Defender could surprise FY23 margins as production normalizes.

The brokerage maintained a “buy” rating on the stock with a target price of Rs 616 per share. “India and Jaguar Land Rover are on the cusp of strong demand and product cycle tailwinds. This will lead to improved balance sheets – key drivers of our Braveheart call,” it said.

Complete News Source : Business Standard

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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  3. Entertainment News Platforms – https://anyflix.in/

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