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

Purchase it at Tata Motors with a goal value of Rs.677. present market value. 405.95 is Rs. value 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 most important product/income segments of Tata Motors Restricted embody gross sales of Motor Autos, Spare Components and Others, Miscellaneous Items, Different Working Income and Companies for the yr ended 31-March-2021.

monetary state of affairs

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 complete revenue of Rs.72931.86 crore and down 11.17% from the identical quarter final yr at Rs.89319.34 crore . Firm has reported Internet Revenue After Tax of Rs -1099.32 Crore in newest quarter.

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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 in keeping 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 instances. The brokerage has maintained a BUY with a revised goal value 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.

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