Monday 30 May 2016

Tata Motors Profits Tripled, Fluctuations in Sensex and Nifty Report by Money Maker Research

Tata Motors Profits Tripled, Fluctuations in Sensex and Nifty
Today market is in a mode of gradual increase and decrease. Sensex and Nifty are showing their fluctuations. Sensex dropped 78 points and reached to 26658 points while Nifty fell down to 8159 points. In Asian market, Nikkei is leading with 17210 points. Almost all the sectors are trading negative. Gold is currently trading on 28,162 per 10 grams and Silver is trading on 38,732 per kg.Indian currency Rupee opened at 67.15 against dollar. On Monday, in comparison with dollar it closed on 67.16. Rupee strengthened with 1 paise. This is seen due to devaluation in currency of China, Yuan by China.

India's biggest auto company, TATA Motors get profited by 3 times in its fourth quarter. In terms of number it get profited to about Rs 5177 crore while in the same quarter last year it could profit out only Rs 1716 crore. Profit at its British unit Jaguar Land Rover (JLR) which has been a profit machine for it soared 56.3% to 472 million pounds. At a standalone level, company posted a net profit of Rs. 464.99 crore. But the firm also included an adjustment made against a potential recall of Jaguar XF models in the US. JLR played an important role in enhancing the growth of Tata Motors. Sales of JLR highly increased in the month of March.

1 comment:

  1. Copper traded in the range largely prices remain unchanged in extremely light trading volumes as the Shanghai Futures Exchange is closed
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