ICICI Direct - Company Update - Tata Motors: Chip shortage to limit near term growth at JLR...

In a business update, Jaguar Land Rover (JLR) flagged the global semiconductor supply shortage as an area of concern that has impacted Q1FY22 performance (wholesales lower than anticipated by ~27%) and is set to adversely affect near-term outlook as well (Q2FY22E wholesale volumes now seen ~50% lower than earlier expected).

For details, click on the link below: Link to the report

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.316.95 as compared to the previous close of Rs. 346.05. The total number of shares traded during the day was 7377141 in over 86403 trades.

The stock hit an intraday high of Rs. 358.1 and intraday low of 311.45. The net turnover during the day was Rs. 2435892182.

Source : Equity Bulls

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