Business
Tata Motors shares jump 6% after strong Q1; Nomura upgrades stock, CLSA retains Outperform rating
Tata Motors said that the increase in net profit was led by a mark-to-market gain on investments in Tata Capital.
The company’s revenue from operations came in at Rs 20,667 crore, up 19% from Rs 17,324 crore in the corresponding quarter of the previous financial year, the Tata Group company said post-market hours.
For the quarter under review, the company’s EBITDA rose to Rs 2,300 crore, up 10% year-on-year, while the EBITDA margin stood at 10.9%, down 90 basis points. The drop in margins comes on the back of a 13% year-on-year increase in total expenses.
Also read: Chandra’s Rs 25 lakh crore Tata legacy: Revenue up 71%, PAT 3.6x and a 19x multibagger
What are experts saying?
Nomura has upgraded Tata Motors to Buy from Neutral and assigned a target price of to Rs 554 from Rs 402, implying an upside of 21% from current levels. Nomura expects TMCV to benefit from its focus on EVs and a strong export orderbook.
The 2.5% price hike taken in July should also support margin improvement. IVECO’s better 2QCY26 performance provides further comfort, while Nomura sees strong potential for IVECO to improve margins over the next 2-3 years through sourcing from low-cost countries, posing a potential upside risk to its estimates.CLSA has an Outperform rating on Tata Motors CV with a target price of Rs 596 (30% upside). The brokerage said TMCV’s Q1 EBITDA margin of 11.3%, down 76 bps YoY, was around 50 bps above consensus. TMCV attributed most of the margin decline to commodity inflation, which had a negative impact of 340 bps YoY, partly offset by operating leverage and price hikes, which contributed 140 bps positively.
While commodity costs remain inflationary, TMCV expects the impact to be mitigated through price actions, including the 2.5% price hike taken in July, along with ongoing cost reduction measures. On demand, TMCV said underlying momentum remains healthy and expects CV industry demand to remain robust, with 2QFY27 volumes likely to post double-digit growth.
Motilal Oswal has maintained a Neutral rating on Tata Motors with a target price of Rs 434, implying a downside of 5%. Following the better-than-expected Q1 performance, the brokerage has raised its earnings estimates by 6% for FY27 and 2% for FY28.
Read more: N Chandrasekaran era delivered 3.3X market cap growth. Can Tata stocks keep winning after his exit?
It now expects TMCV to deliver a CAGR of 12% in revenue, 10% in EBITDA and 12% in PAT over FY26-28E. At 23.5x FY27E and 20x FY28E EPS, the stock appears fairly valued, according to the brokerage. Motilal Oswal values the core business at 12x FY28E EV/EBITDA, in line with peers, and assigns Rs 15 per share to Tata Motors’ stake in Tata Capital.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Frontier Airlines declares medical emergency as flight attendants get sick
Globalt Investments senior portfolio manager Keith Buchanan discusses the airline industry, JPMorgan and his top market picks for the near future on ‘The Claman Countdown.’
A Frontier Airlines flight reportedly declared a medical emergency Thursday after four flight attendants became sick with headaches and nausea shortly before landing in Florida.
Frontier Flight 1046 was traveling from Cleveland to Fort Lauderdale-Hollywood International Airport when the pilots requested that emergency medical personnel meet the Airbus A321 at the gate, according to air traffic control communications reported by PYOK.
The aircraft landed at Fort Lauderdale-Hollywood International Airport without incident, where emergency responders were waiting, according to the outlet.
As the aircraft approached South Florida, one of the pilots alerted air traffic controllers to a “developing medical” situation on board.
BUDGET AIRLINE JETSTAR TO CHARGE PASSENGERS FOR STORING BAGS IN OVERHEAD COMPARTMENTS

A Frontier Airlines flight from Cleveland to Fort Lauderdale reportedly declared a medical emergency after four flight attendants became sick shortly before landing. (Joe Burbank/Orlando Sentinel/Tribune News Service / Getty Images)
“If you could call the tower and have them meet at our gate for a developing medical,” the pilot said in the radio call.
When asked about the nature of the medical emergency, the pilot said multiple flight attendants were experiencing symptoms.
“All my flight attendants have headaches, and now three, now four, are nauseous,” the pilot said.
RYANAIR PASSENGER RECOUNTS BEING PARTLY SUCKED OUT AIRPLANE WINDOW: ‘I AM LUCKY’

Emergency medical personnel were waiting when Frontier Flight 1046 landed at Fort Lauderdale-Hollywood International Airport after multiple crew members became sick, according to a report. (Elizabeth Page Brumley/Las Vegas Review-Journal/Tribune News Service via Getty Images / Getty Images)
The aircraft, a 10-year-old Airbus A321, departed Cleveland shortly before 8 a.m. on Thursday. It was scheduled to return to Cleveland at 11:30 a.m., but that flight was canceled, according to PYOK.
The cause of the flight attendants’ illnesses was not immediately known, and their conditions after landing were unclear.
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Four flight attendants aboard Frontier Flight 1046 reportedly experienced headaches and nausea as the aircraft approached Fort Lauderdale, Florida. (Ken Cedeno/Reuters / Reuters)
FOX Business has reached out to Frontier Airlines for comment.
Business
Zee Entertainment shares rally 8% after SAT grants interim relief in Sebi order
SAT stayed the SEBI order against Zee Entertainment and permitted the company to go ahead with its proposed Rs 3,143 crore preferential warrant issue to promoters. The tribunal also allowed ZEE to use its mutual fund units for dividend distribution. The relief is subject to the company depositing the penalty imposed by SEBI.
The tribunal had on Wednesday reserved its order on interim relief pleas filed by Zee Entertainment and CEO Punit Goenka against SEBI’s July 31 order, which barred them from accessing the securities market.
The SEBI action stems from title documents related to a Hyderabad property owned by ZEEL. The regulator alleged that the title deeds were provided to Indiabulls Housing Finance as security for loans taken by private entities linked to the promoters without the necessary corporate approvals.
ZEEL has disputed the allegations, saying the documents were taken without authorisation and that there was no direct finding establishing that the company was aware of the arrangement. The company has also argued that it did not itself engage in fraudulent activity in the securities market.
ZEEL had approached SAT seeking permission to complete the proposed Rs 3,143 crore preferential warrant issue, citing a limited window available for the fundraise. The company told the tribunal that shareholders had already approved the issue and that it had received in-principle approval from the stock exchanges. The warrants are proposed to be issued to Sunbright Mauritius Investments, a promoter-group entity.
During the hearing, SAT questioned SEBI’s reasoning for preventing ZEEL from completing the fundraise during the two-month market-access ban, noting that the company could undertake the transaction after the restriction ended.SEBI argued that allowing the preferential issue while the market-access restriction was in force would dilute the impact of the ban imposed following regulatory violations.
The regulator also opposed Punit Goenka’s participation in the issue, arguing that he is the ultimate beneficial owner of Sunbright Mauritius Investments and is himself subject to a one-year securities-market ban. SEBI said allowing the allotment through the Mauritius-based entity could effectively give Goenka indirect access to the securities market.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business
Navamedic Q2 2026 slides: margins surge despite flat revenue growth

Navamedic Q2 2026 slides: margins surge despite flat revenue growth
Business
Pershing Square Stock: A More Expensive Way To Bet With Bill Ackman Than HHH Or PSUS
I retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefer to hold positions for the long-term unless there is a compelling reason to sell. I look for investment opportunities without regard to asset class, market cap, sector, or yield. I would rather maximize total return over time by buying when price is low relative to intrinsic value.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of HHH, BRK.B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Grange claims it was misled in Northern Star blue
Tasmanian miner Grange Resources claims it was misled when it sold a WA Goldfields royalty claimed by a subsidiary of Northern Star Resources.
Business
DNO ASA 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:DTNOY) 2026-08-14
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
H.G. Infra Q1 FY27 slides show sharp decline, recovery targeted

H.G. Infra Q1 FY27 slides show sharp decline, recovery targeted
Business
Praj Industries shares rally 7% after Q1 profit more than doubles YoY
The company’s Q1FY27 net profit jumped 117% to Rs 12 crore, compared with Rs 5 crore in the corresponding quarter last year. Revenue from operations also grew 12% year-on-year to Rs 716 crore, from Rs 640 crore in Q1FY26.
Praj Industries’ Bioenergy segment continued to account for the lion’s share of total segmental revenue, contributing 66%. Engineering accounted for 22%, while HiPurity contributed the remaining 12%.
Geographically, 75% of Q1FY27 revenue came from the domestic market, while exports contributed 25%.
The company also reported a healthy order intake of Rs 1,000 crore during the quarter. Exports accounted for 43% of order intake, while domestic orders contributed 57%.
More importantly, Praj Industries ended the quarter with a sizeable order backlog of Rs 4,589 crore, providing visibility for future execution.
Management sees momentum building
Commenting on the performance, Ashish Gaikwad, Managing Director, Praj Industries, said the company continued to make progress on several long-term growth opportunities despite an uncertain external business environment.Key developments during the quarter included securing a Bio-IBA order for the country’s first commercial-scale demonstration plant, signing a long-term framework agreement for precision fabrication and modularisation solutions for hyperscale data centres, and receiving its first order from a leading semiconductor player for ultra-pure water and zero-liquid-discharge (ZLD) solutions.
Gaikwad said the company expects to build on this momentum through the rest of the financial year and deliver improved performance.
Share Price and Technical indicators
Following Friday’s rally, Praj Industries has a market capitalisation of around Rs 5,910 crore. The stock’s 52-week high stands at Rs 433.
On the technical front, the stock’s 14-day RSI stands at 43.3. An RSI below 30 is generally considered oversold, while a reading above 70 indicates an overbought zone. The stock is currently trading above seven out of eight key Simple Moving Averages (SMAs) and is below only its 100-day SMA, indicating a relatively constructive technical setup despite the stock remaining well below its 52-week high.
FIIs and mutual funds raise stake
Institutional ownership also showed a positive trend in the June 2026 quarter. Foreign Institutional Investors (FIIs) marginally increased their stake in Praj Industries to 17.75% from 17.74% in the previous quarter. More notably, mutual fund holdings rose to 13.52% from 12.25%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business
Pershing Square: H1 2026 Contributors And Detractors
Pershing Square Holdings, Ltd. is an investment holding company structured as a closed-ended fund principally engaged in the business of acquiring and holding significant (but generally not controlling) positions in a concentrated number of large capitalization companies. PSH’s objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. Note: This account is not managed or monitored by Pershing Square Holdings, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Pershing Square Holdings’ official channels.
Business
Golden opportunity to balance boards
OPINION: Recent reports find little progress has been achieved on cultural diversity in the boardroom.
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