EBITDA for the quarter fell by 19.4 per cent yoy to Rs. 9.57 crore with a corresponding margin contraction of 105 bps. EBITDA margin for the quarter stood at 4.7 per cent.

TATA Motors reported a surprise loss in Q1FY19 due to weaker JLR earnings and foreign exchange losses in the first quarter of the fiscal year.

With the continued volatility in crude oil price and steep depreciation of the Indian rupee, the company expects a challenging second half, but will be taking appropriate actions to support the volume growth momentum.

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EBITDA for the quarter rose by 4 per cent yoy to Rs. 210.94 crore with a corresponding margin contraction of 362 bps. EBITDA margin for the quarter stood at 31.2 per cent.

Overall volumes in futures & options currently stand at 55.40 lakh contracts with a turnover of Rs. 5,29,372.26 crore.

Overall volumes in futures & options currently stand at 55.40 lakh contracts with a turnover of Rs. 5,29,372.26 crore.

Going ahead, the level of 11,400 is likely to act as a resistance level and a move beyond this level may take Nifty towards the level of 11,470. Stocks in news: Jindal Steel and Power, Orient Refractories, Bank of Baroda, Tata Motors and Reliance Industries.

Today, the markets are likely to open in high spirits as India’s core sector posted a seven-month high growth of 6.7 per cent in June. Going ahead, investors would watch out for the Reserve Bank of India’s (RBI’s) policy announcement later in the day. Other data to be watched today will be Nikkei Manufacturing PMI data for the month of July and auto companies will be in focus as they will report their sales figures. 

The operating level profit turned positive with EBITDA of Rs. 20.67 crore as against operating loss of Rs. 3.41 crore in the corresponding quarter last year. The EBITDA margin for the quarter stood at 15.1 per cent.