Tata Motors Share Value: Purchase Tata Motors, Goal Value Rs 550: ICICI Direct

ICICI Direct has a purchase name on Tata Motors with a goal worth of Rs 550 . Tata Motors Ltd. , The present market worth of Rs.421.5 is Rs. The time interval given by the analyst is one yr when Tata Motors Ltd. worth can attain its goal.

Tata Motors Restricted, integrated within the yr 1945, is a Massive Cap firm (having a market cap of Rs 140376.35 Crore) working in Auto sector.

The main product/income segments of Tata Motors Restricted embrace gross sales of Motor Automobiles, Spare Components and Others, Miscellaneous Items, Different Working Income and Companies for the yr ended 31-March-2021.

monetary scenario

For the quarter ended 31-12-2021, the Firm reported Consolidated Complete Revenue of Rs.72931.86 Crore, up 17.17% from final quarter’s Complete Revenue of Rs.62245.73 Crore and down 4.50% from the corresponding quarter final yr at Rs.76365.79 Crore . Firm has reported Web Revenue After Tax of Rs -1338.17 Crore in newest quarter.

, Again to advice tales

funding logic

Going ahead, the brokerage believes that JLR could also be adversely affected because of the ongoing geopolitical crises given its manufacturing base in Europe, which depends on Russian oil and fuel sources for its vitality wants. moderately dependent. Furthermore, the demand sentiment may momentarily put on off within the midst of such occasions of uncertainty. At a consolidated degree, as an entity, TML might even see strain on volumes and profitability resulting from chip availability issues and enhance in costs of key commodities, respectively. Because of this, the brokerage revises gross sales and margin estimates going ahead. Nevertheless, it takes consolation from TML’s long-term aim of wholesome profitability, wholesome FCF manufacturing and consequent taping of debt on the B/s. Therefore, the brokerage has retained a purchase ranking on TML with a SOTP primarily based goal worth of Rs 550.

Promoter/FII Holdings
As on 31-December-2021, promoters held 46.4 per cent stake within the firm, whereas FIIs held 14.57 per cent, DIIs 13.64 per cent.

(Disclaimer: The suggestions made on this part or any report enclosed herein are authored by an outdoor celebration. The views expressed are these of the respective authors/entities. They don’t symbolize the views of The Financial Instances (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 impartial recommendation.

Supply hyperlink