Tata Motors shares outperform in a weak market ahead of Q4 results: Here's what to expect

Revenue likely to grow by 12% to ₹1.2 lakh crore

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) may rise 38.2% year-on-year to ₹17,712 crore.

EBITDA margin may rise by 260 basis points to 14.7% from 12.1% last year.

For Jaguar Land Rover (JLR), Kotak Institutional Equities is projecting a 10.6% growth in net sales, 25.7% growth in its EBITDA and a 200 basis points expansion in margins.

JLR volumes have risen 16% from last year during the March quarter.

CV Volumes for the India business fell 6% from last year but PV volumes grew by 15% year-on-year.

Shares of Tata Motors Ltd. are trading with gains of close to 2% on Thursday, outperforming in an otherwise weak market where the Nifty 50 has shed over 300 points. The stock is the second best performer on the Nifty 50.Tata Motors has been an outperformer over the last 12 months with shares jumping as much as 106%. The stock is gaining ahead of its March quarter results, which it is scheduled to report on Friday.Promoters of Tata Motors own a 46.36% stake in the company. Domestic Mutual Funds own a 9.5% stake, while foreign institutions have a 19.2% stake in the manufacturer of passenger and commercial vehicles.Shares of Tata Motors are trading 1.8% higher at ₹1,030.75. The stock is trading close to its record high of ₹1,065.6.