Day: February 28, 2025

Shares of passenger and commercial vehicles manufacturer Tata Motors Ltd., also the parent company of Jaguar Land Rover (JLR) ended at a 52-week low on Friday, February 28, after the stock fell for the fifth day in a row.

With Friday’s fall, the stock has declined in seven out of the last eight trading sessions.

Tata Motors shares have now corrected 47% from their peak of ₹1,179, which they had hit on July 30 last year, and have lost nearly ₹2 lakh crore in market capitalisation since then.

The stock is also down close to 13.5% in the month of February, which will mark its seventh consecutive negative monthly return and its worst month since October last year, when the stock had declined 14%.

This is also the worst monthly losing streak for Tata Motors since 2015, when the stock fell between March and September that year, before rebounding in October and November.

On the charts, Tata Motors trades below all of its key moving averages, which is the 50, 100 and the 200-DMA. Its RSI is now at 28, which means the stock is in “oversold” territory. An RSI reading below 30 means the stock is “oversold.”

Tata Motors shares were the best performers on the Nifty 50 index in 2023, and also the only one who doubled in value on the index that year.

Despite this steep fall in share price, three out of the 34 analysts who have coverage on Tata Motors still expect the stock to cross levels of ₹1,000 and above.

Haitong Securities has the highest price target on the street for Tata Motors, which is at ₹1,300 and implies that the stock may almost double from current levels. Domestic brokerages like Axis Capital and Reliance Securities also have price targets of ₹1,100 each on the stock.

20 out of the 34 analysts who have coverage on Tata Motors have a “buy” rating on the stock, nine of them say “hold”, while five have a “sell” rating.

Consensus estimates of price targets imply a potential upside of 32% for the stock. Jefferies has the lowest target on Tata Motors at ₹625.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

Sudarshan Kamath, founder of Smallest AI, has generated interest on social media by announcing an unconventional hiring approach for a software engineer position at his Bengaluru office. Mr Kamath stated that candidates’ educational background and resumes are not required for the role, which offers a salary of Rs 40 lakh per annum and a five-day office workweek. The position is open to individuals with zero to two years of experience and will be based in Indiranagar.

 “We are looking to hire a cracked full-stack engineer at Smallest AI… Send a small 100-word text introducing yourself + links to your best work to info@smallest.ai” he wrote on X. 

The term “cracked full-stack engineer” isn’t a formally defined title in the tech industry, but it’s often used colloquially—especially in informal contexts like social media or job postings—to describe a highly skilled, adaptable, and resourceful software engineer who excels at both front-end and back-end development. The word “cracked” here likely draws from slang meaning “exceptional” or “outstanding,” suggesting someone who’s not just competent but stands out due to their problem-solving abilities, creativity, or efficiency.

Many users praised Mr Kamath’s focus on skills over credentials, while others debated the offered salary, suggesting it may be insufficient for a highly skilled “cracked” engineer. 

One user wrote, “Don’t add “cracked” if you can’t pay cracked salary. respectfully, it’s not a good look for you and your company.” Another commented, “Indira Nagar is such an expensive place that out of 15 lacs where in hand will be 1 lac approx, 35k will go just in accommodation in a sharing apartment plus groceries plus weekends plus education loan EMI or discretionary spending EMI. Feel yourself lucky if you can save 20k.”

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

 The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) Friday recommended retaining the interest rate at 8.25 per cent for financial year 2024-25 — the same level as previous year. It has over 30 crore total subscribers, out of which around 7.4 crore are active contributing subscribers, sources said. A formal announcement on the same is expected later in the day.

The EPFO’s Board had last year hiked the interest rate to the highest level in three years ahead of the Lok Sabha elections and has now retained it despite an overall rate cut cycle in the economy.

This comes at a time when the Reserve Bank of India (RBI) had cut the repo rate to 6.25 per cent after holding it at 6.5 per cent for two years on February 7. Before FY24, the EPFO has maintained the interest rate at 8.5 per cent both in 2019-20 and 2020-21, the EPFO had cut the interest rate in 2021-22 to 8.1 per cent, the lowest in four decades. It then hiked it marginally to 8.15 per cent in 2022-23.

The Ministry of Labour and Employment will now send the interest rate recommendation of 8.25 per cent for 2024-25 to the Ministry of Finance for ratification. After the ministry’s consent to the interest rate, the EPFO would credit the rate of interest for the previous fiscal to the EPF subscribers.

Here’s a look at the interest rates over the years:

Year	EPFO Interest Rate
2010-11	9.50%
2011-12	8.25%
2012-13	8.50%
2013-14	8.75%
2014-15	8.75%
2015-16	8.80%
2016-17	8.65%
2017-18	8.55%
2018-19	8.65%
2019-20	8.50%
2020-21	8.50%
2021-22	8.10%
2022-23	8.15%
2023-24	8.25%
2024-25*	8.25%

*as recommended by CBT, to be approved by Finance Ministry

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com