Tata Motors' latest CRISIL, ICRA, and S&P Global ratings, brokerage target and share price performance
The stock of Tata Motors closed the trading session on BSE on Friday down up by 0.78 per cent, or Rs 7.65, at Rs 993.40 on Friday.
Tata Motors is in news on Friday (June 14, 2024) with leading rating agencies such as CRISIL Ratings, ICRA Ratings, and S&P Global Ratings have raised or maintained its rating. The stock of the large-cap firm from Tata group started trading on BSE on Friday at Rs 991.00. It closed the session up by 0.78 per cent, or Rs 7.65, at Rs 993.40. Let's see what leading ratings agencies say about Tata Motors and how its stock has fared in the last 1 year.
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Why Tata Motors is in news
Leading rating agencies have raised or maintained the automaker's credit rating.
CRISIL Ratings on Tata Motors
CRISIL Ratings has raised Tata Motors long-term rating to AA+/Stable from AA/Positive.
ICRA Ratings
ICRA Ratings has maintained its long-term rating at AA+/Stable from AA/Stable
S&P Global Ratings
S&P Global Ratings has raised long-term ratings of Tata Motors and TML Holdings to BB+/Positive from BB+/Watch Positive. It has also raised Jaguar Land Rover rating to BB/Watch Positive from BB/Positive.
ICICI Securities on Tata Motors
ICICI Securities has maintained a 'reduce' rating on Tata Motors, reducing its target to Rs 915.
Tata Motors share performance in 6 months
The stock of Tata Motors has soared by 36.49 per cent in the six months.
Tata Motors share performance year-to-date
Tata Motors shares have jumped by 24.26 per cent year-to-date.
Tata Motors share performance in 1 year
The automaker's stock has skyrocketed by 72.28 per cent in the 1-year period.