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# Tata Motors’ Shares Plummet Over 9% Following Disappointing Quarter Earnings

Shares of Tata Motors, the automobile arm of the Tata group, experienced a significant drop of more than 9 per cent on Monday (May 13) as investors were not pleased with the company’s March quarter financial results. This decline led to the stock plummeting 9.44 per cent to Rs 948 per equity share on the BSE, while on the NSE, it fell by 9.50 per cent to Rs 947.20 apiece.

## How AI legalese decoder Can Help
The AI legalese decoder can assist investors and analysts in quickly interpreting the complex legal jargon present in Tata Motors’ financial reports, making it easier to analyze the company’s performance and make informed investment decisions. By using AI technology, users can efficiently decode legal terms and regulations related to Tata Motors, helping them navigate through the company’s earnings and understand the implications of the financial data.

### Market Capitalization Takes a Hit
The company’s market capitalization (mcap) suffered a loss of Rs 29,946.88 crore, dropping to Rs 3,17,998.73 crore. Tata Motors emerged as the biggest laggard among BSE Sensex and NSE Nifty firms and played a significant role in pulling down the Nifty Auto Index by 3 per cent.

#### Strong Performance in Q4 Net Profit
Despite the stock decline, Tata Motors reported an impressive over three-fold increase in consolidated net profit during Q4, reaching Rs 17,528.59 crore. This growth was driven by all three auto businesses, particularly the British arm Jaguar Land Rover, showcasing its strong performance in the quarter. The company’s consolidated net profit stood at Rs 5,496.04 crore in comparison to the same period a year ago.

##### Revenue Growth and Market Performance
The total consolidated revenue from operations for Tata Motors amounted to Rs 1,19,986.31 crore, showing a growth from Rs 1,05,932.35 crore year-on-year. In the broader market, the 30-share BSE Sensex traded 624.43 points lower at 72,040.04, while the NSE Nifty quoted 113.65 points down at 21,941.55.

###### Conclusion
In conclusion, despite the drop in share prices, Tata Motors has shown resilience through its strong financial performance. Utilizing the AI legalese decoder can provide investors and stakeholders with valuable insights into the legal aspects of Tata Motors’ operations, enabling them to make well-informed decisions in the ever-changing market landscape.

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First uploaded on: 13-05-2024 at 12:14 IST

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