Tata Stocks Radar: Tata Motors, 1 Small-Cap Stock, Tata Communications

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Tata Stocks Radar: Tata Motors, 1 Small-Cap Stock, Tata Communications
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Tata Motors (NS: TAMO )

The domestic automaker has confirmed the voluntary delisting of its American Depositary Shares (ADSs), representing its Ordinary Shares from the New York Stock Exchange, with effect from closing hours of trading on Jan 23.

After Monday, Jan 23, there will be no over-the-counter market trading of the ADSs in the US, the mega-cap giant said.

Shares of the Tata heavyweight surged over 2% on Monday and traded as the top gainer on Nifty and Sensex .

Tata Communications (NS: TATA )

The large-cap Tata company’s consolidated PAT climbed 0.3% YoY but declined 26% sequentially to Rs 395 crore in Q3 FY23, while consolidated revenue rose 8.2% YoY and sequentially to Rs 4,528 crore, following upsides in the Data business.

Its consolidated EBITDA remained flat at Rs 1,077 crore and grew 4.6% QoQ, while its EBITDA margin witnessed a sharp 170 bps YoY rise and 210 bps QoQ surge at 23.8% in the December quarter.

Shares tanked 4.45% to Rs 1,322 apiece on Tuesday.

Tata Coffee (NS: TACO )

The small-cap Tata company will convene a Board meeting on Tuesday, Jan 24, 2023, to consider and approve the December quarter earnings.

Shares of the company traded 0.12% higher at 10:30 am on Monday.

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