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 12 months.

Tata Motors Restricted, included within the 12 months 1945, is a Giant Cap firm (having a market cap of Rs 134752.46 Crore) working in Auto sector.

The foremost product/income segments of Tata Motors Restricted embrace gross sales of Motor Autos, Spare Components and Others, Miscellaneous Items, Different Working Income and Providers for the 12 months ended 31-March-2021.

monetary state of affairs

For the quarter ended 31-03-2022, the corporate reported Consolidated Complete Earnings of Rs.79341.61 crore, up 8.79% from final quarter’s complete revenue of Rs.72931.86 crore and down 11.17% from the identical quarter final 12 months at Rs.89319.34 crore . Firm has reported Web Revenue After Tax of Rs -1099.32 Crore in newest quarter.

beneficialtales for you

funding logic
The continued market share development 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 in step with 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 robust occasions. 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 outdoor social gathering. 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, specific or implied, referring to the identical. Please seek the advice of your monetary advisor and search impartial recommendation.

Supply hyperlink