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We would need more clarity on the pace of production recovery at Jaguar Land Rover to turn constructive on the stock, J.P. Morgan analyst Amyn Pirani wrote in a note, downgrading the rating on Tata Motors to "neutral" from overweight.

​The Indian benchmark indices traded with volatility in the last five trading sessions but overall gained over three per cent. During this trade, six stocks from the BSE 200 list consistently moved up.

“The underperformance is driven by various factors like slowdown in China, Europe, the US. These are the biggest markets for JLR which they cannot ignore. They are not accepting the reality.”

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 51558.83 Crore) operating in Auto sector.

After consolidating for about 2 months (June to August) in a narrow range of 80 points, it finally witnessed a breakout on 29 August. On the weekly charts, the stock breakout from a rectangle pattern in the week gone by.

“The Board at its meeting held today i.e., 10th October 2022, has inter-alia, considered and approved sub-division/split of each existing equity share of the face value of Rs 2 into two equity shares of the face value of Re 1 fully paid-up, and the issue of three bonus equity shares for every one fully paid-up equity share,” the company said in a BSE filing.

“We believe the company has all the right levers to grow profitably from hereon supported by its successful transition from infrastructure lending to building a diversified retail-focused loan book,” said the note.

A total of 2,606 shares changed hands on the counter till 12:33PM (IST).

On the technical charts, the RSI of the stock stood at 34.12.

Tracxn Technologies is one of the leading global providers of differentiated private market data and intelligence in a highly competitive industry but it reported negative EBITDA in the previous three financial years, said Anand Rathi Wealth said, assigning avoid rating to the issue.