Tata Motors Share Value: Purchase Tata Motors, Goal Value Rs 677: ICICI Securities

Purchase it at Tata Motors with a goal worth of Rs.677. present market worth. 405.95 is Rs. worth can attain its goal. Analysts have given its time interval as one yr.

Tata Motors Restricted, integrated within the yr 1945, is a Massive Cap firm (having a market cap of Rs 134752.46 Crore) working in Auto sector.

The foremost product/income segments of Tata Motors Restricted embody gross sales of Motor Autos, Spare Elements and Others, Miscellaneous Items, Different Working Income and Providers for the yr ended 31-March-2021.

monetary scenario

For the quarter ended 31-03-2022, the corporate reported Consolidated Whole Earnings of Rs.79341.61 crore, up 8.79% from final quarter’s whole revenue of Rs.72931.86 crore and down 11.17% from the identical quarter final yr at Rs.89319.34 crore . Firm has reported Web Revenue After Tax of Rs -1099.32 Crore in newest quarter.

really helpfultales for you

funding logic
The continued market share progress within the home PV enterprise, CV upcycle and FCF technology on supply (the goal is to be auto debt free by FY24E) in addition to aggressiveness in constructing the EV portfolio is according to investor expectations. For JLR, manufacturing restoration amid a weak macro in goal markets to 168k unit orderbook and decrease stock ranges, rising on a benign foundation will assist tide over the present powerful instances. The brokerage has maintained a BUY with a revised goal worth of Rs 677 (Earlier: Rs 703).

Promoter/FII Holdings
Promoters held 46.4 per cent stake within the firm as on 31-March-2022, whereas FIIs held 14.45 per cent, DIIs held 14.39 per cent.

(Disclaimer: The suggestions made on this part or any report enclosed herein are authored by an out of doors occasion. The views expressed are these of the respective authors/entities. They don’t signify the views of The Financial Occasions (ET). ET Assure doesn’t warrant, endorse, endorse any of its contents and hereby disclaim all warranties, categorical or implied, regarding the identical. Please seek the advice of your monetary advisor and search unbiased recommendation.

Supply hyperlink