A majority of the sectors traded in the red in Friday’s trading session. Nifty closed at 22,904.45, marking a 1.5 percent decrease or a 346-point fall from the previous close. Indian markets have shown relative resilience, with losses milder compared to global peers. During such a bearish trading session, some prominent stocks of the Tata Group hit their 52-week lows.
Tata Elxsi Ltd
During Friday’s trading session the shares of Tata Elxsi dropped to its 52-week low of Rs 5,007, indicating a 4 percent fall from its previous closing price of Rs 5,202.65.
When looking at the financial performance, the company reported a muted 3 percent increase in revenue from Rs 949 crore to Rs 979 crore in Q3 FY24-25. The net profits however fell 3 percent from Rs 206 crore to Rs 199 crore during the same period.
During Friday’s trading session the shares of Tata Consultancy Services dropped to its 52-week low of Rs 3296.05, indicating a 3 percent fall from its previous closing price of Rs 3,403.90.
Tata Consultancy Services (TCS), the flagship company of the Tata Group, is a leading IT services, consulting, and business solutions provider. The company offers an AI-powered, consulting-driven, and integrated portfolio of technology, business, and engineering services and solutions.
When looking at the financial performance, the company reported a 6 percent increase in revenue from Rs 60,583 crore to Rs 63,973 crore in Q3 FY24-25. This was accompanied by a 12 percent growth in net profits from Rs 11,097 crore to Rs 12,444 crore during the same period.
Tata Motors Ltd
During Friday’s trading session the shares of Tata Motors dropped to Rs 610.10, close to its 52-week low of Rs 606.20. This marks a 7 percent fall from its previous closing price of Rs 654.05.
Tata Motors is a leading global automobile manufacturer, offering a wide range of cars, sports utility vehicles, trucks, buses and defence vehicles to the world. The company operates in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through its subsidiaries, associate companies and Joint Ventures.
When looking at the financial performance, the company reported a muted 2 percent increase in revenue from Rs 1.11 lakh crore to Rs 1.14 lakh crore in Q3 FY24-25. The net profits however saw a 22 percent decline from Rs 7,145 crore to Rs 5,578 crore during the same period.