Tata Motors races on profit after 7 quarters, what should you do with the stock?

Tata Motors Q3: Revenue from operations came in at Rs 88,488.59 crore, up 22.51 percent from Rs 72,229.29 crore, YoY.

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Tata Motors raced over 7 percent on January 27 after December quarter earnings beat estimates.

On January 25, the company reported a consolidated net profit of Rs 2,957.71 crore for the quarter ended December 2022, against a loss of Rs 1,516.14 crore in the same quarter last year.

The company posted profit after recording losses for seven consecutive quarters.

At 9:30 am, the stock was quoting at Rs 448.20 apiece on the National Stock Exchange, up by 7 percent. Trading volumes were 15.2 million shares.