Tata Motors share worth: Purchase Tata Motors, goal worth Rs 677: ICICI Securities

has purchase name on Tata Motors with a goal worth of Rs 677. The present market worth of . is Rs 405.95. Time interval given by analyst is one 12 months when Ltd. worth can attain outlined goal.

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

Tata Motors Ltd. key Merchandise/Income Segments embrace Motor Automobiles, Spare Components & Others, Miscellaneous Items, Different Working Income and Sale of providers for the 12 months ending 31-Mar-2021.


For the quarter ended 31-03-2022, the corporate reported a Consolidated Whole Earnings of Rs 79341.61 Crore, up 8.79 % from final quarter Whole Earnings of Rs 72931.86 Crore and down -11.17 % from final 12 months identical quarter Whole Earnings of Rs 89319.34 Crore. Firm reported internet revenue after tax of Rs -1099.32 Crore in newest quarter.


Funding Rationale
Continued market share beneficial properties within the home PV enterprise, CV upcycle and supply on FCF era (goal is to be auto debt-free by FY24E) coupled with aggression in constructing the EV portfolio resonate properly with investor expectations. For JLR, manufacturing restoration amidst 168k unit orderbook and low stock ranges amidst weak macros in goal markets, would assist it by the present robust occasions by rising on a benign base. The brokerage maintains BUY with a revised goal worth of Rs677 (earlier: Rs703).

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

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