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 yr when Ltd. worth can attain outlined goal.



Tata Motors Ltd., integrated within the yr 1945, is a Giant Cap firm (having a market cap of Rs 134752.46 Crore) working in Auto sector.

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

Financials

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

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Funding Rationale
Continued market share good points 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 nicely 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 way of the present powerful instances 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.

(Disclaimer: Suggestions given on this part or any studies hooked up herein are authored by an exterior celebration. Views expressed are that of the respective authors/entities. These don’t signify the views of Financial Occasions (ET). ET doesn’t assure, vouch for, endorse any of its contents and hereby disclaims all warranties, categorical or implied, regarding the identical. Please seek the advice of your monetary adviser and search impartial recommendation.



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