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

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3 years ago

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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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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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17 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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