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[ad_1] Tata Motors Share Price: Shares of Tata Motors Ltd has been downgraded by the brokerage firm UBS from neutral to sell. However, it has raised its twelve-month target price for the company’s shares to Rs 450 from Rs 320 earlier. Meanwhile, Tata Motors’ management remains optimistic about the demand situation for its luxury vehicles, with a pipeline of electrified models on the horizon. UBS conducted an extensive analysis of the global premium electric vehicle (EV) industry with a focus on Jaguar Land Rover (JLR), which constitutes over two-thirds of its sales and EBITDA in fiscal year 2023. The findings reveal that the market is underestimating the risks and vulnerabilities faced by JLR due to the rapid electrification of premium cars. Additionally, Tata’s domestic market share in the automotive industry is nearing its peak due to intensifying competition. UBS said investors are likely overlooking the significant shift in the global premium car market caused by electrificat

[ad_1] Last Updated: June 12, 2023, 08:44 IST Stocks to watch on June 12:  The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,684.50, up 74.5 points or 0.40% from the previous close. SpiceJet: Wilmington Trust, one of SpiceJet’s aircraft lessors, has moved the National Company Law Tribunal (NCLT) to initiate an insolvency process against the airline for non-payments of dues. The first hearing of this case will take place today. Go Fashion: The India arm of US venture capital firm Sequoia Capital plans to sell a 10 per cent stake in Go Fashion (India) worth Rs 625 crore. The transaction is likely to happen on Monday in block deals at a floor price of Rs 1,135 a share. Tata Motors: The company has fixed July 29 as the record date for determining the entitlement Of members to receive final dividend for FY23. Container Corporation of India (Concor): The disinvestment of state-run firm may be d

[ad_1] Stocks to Watch on July 21:  Nifty futures traded 18 points, or 0.09 per cent, higher at 19,876.50, signaling that Dalal Street was headed for a positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons. Results today: Reliance Industries, Ultratech Cement, JSW Steel, HDFC Life, Hindustan Zinc, DLF, Vedanta, One97 Communications, Ashok Leyland, Federal Bank, among others will report the April-June quarter results for fiscal year 2023-24 (Q1FY24). Tata Motors: Tata Motors arm JLR announced the appointment of Adrian Mardell as CEO for a three year term. Hindustan Unilever: The FMCG giant registered a 7.3 per cent year-on-year (YoY) increase in consolidated net profit in Q1FY24, in line with Street estimates. Revenue, too, saw an increase of 6 per cent YoY to Rs 15,496 crore. Infosys: The IT major saw 1.3 per cent sequential growth in revenues in the June quarter due to slowdown in deal ramp-ups. Net profit, meanwhile, declined 3 per

[ad_1] MUMBAI: Jaguar Land Rover ( JLR ), an arm of Tata Motors , on Thursday promoted interim CEO Adrian Mardell as chief executive officer for three years. The appointment came a day after Tata Motors’ parent Tata Sons announced plans to build an electric vehicle battery factory in the UK to supply its JLR facilities. Mardell, 62, will oversee JLR’s transformation plans as it would infuse 15 billion pounds over five years in electric vehicles and promised to roll out a new electric Jaguar in 2025. Mardell, a British national, has held the interim position since November 2022 following the departure of former CEO Thierry Bollore . Mardell, a chartered accountant by training, has been with JLR for 33 years, joining in 1990 a year after Ford Motor acquired Jaguar, while Land Rover was still a part of the independent Rover Group. Ford acquired Land Rover in 2000 and eight years later, it sold both the brands to Tata Motors for $2. 3 billion. Prior to becoming interim CEO, Mardell,