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 12 months when Tata Motors Ltd. worth can attain its goal.

Tata Motors Restricted, integrated within the 12 months 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 Providers for the 12 months ended 31-March-2021.

monetary scenario

For the quarter ended 31-12-2021, the Firm reported Consolidated Whole Earnings of Rs.72931.86 Crore, up 17.17% from final quarter’s Whole Earnings of Rs.62245.73 Crore and down 4.50% from the corresponding quarter final 12 months 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 gasoline assets for its vitality wants. fairly dependent. Furthermore, the demand sentiment also can momentarily put on off within the midst of such instances of uncertainty. At a consolidated stage, as an entity, TML might even see strain on volumes and profitability because of chip availability issues and enhance in costs of key commodities, respectively. Consequently, the brokerage revises gross sales and margin estimates going ahead. Nevertheless, it takes consolation from TML’s long-term objective 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.

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