Homegrown Auto Major Tata Motor reported consolidated losses ₹ 1,516 Crore for the third quarter compared to ₹ 2,906 crore in the same quarter last year. Revenue from Operations Dipped to ₹ 72,229 Crore from ₹ 75,653 Crore in the quarter last year, up 17% from the previous quarter.

The lack of semiconductor is likely to rustle up to 2022 and gradually increases due to capacity in the basic increase in supply, said Tata Motors in its income statement.

Analyst at Prabhudas Lilladher maintained their positive attitude in Tata Motors and reaffirming the top picks of shares given “PV businesses likely to get further market share, led by the launch of new products and expanding portfolios, CV volumes will benefit from increasing armabel, improving The use of armabiles and new shipping and refresher rates on Land Rover and strong order books to benefit JLR and encourage the FCF generation. “Brokers have maintained a ‘purchase’ rating on automatic stock with target prices ₹ 632 per share.

For the third quarter, JLR’s income came in £ 4.7 billion, up 22% in sequence, while the EBIT margin was at 1.4%. JLR estimates benefits to improve with positive cash flows in the fourth quarter.

“India’s business will benefit from the revival of the cycle in the domestic CV industry and the advanced market share for the PV business. The combination of scale increases on JLR along with Uptick cycles in domestic CVS ​​and the increase in advanced market share for the PV business will encourage a significant FCF generation. This will be Leading to Tata Motors change free net debts by Fy24e, in our view, “like Ambit capital. This has reaffirmed purchases on Tata Motors shares with target prices ₹ 551 (₹ 551).