TATA MOTORS STOCKS: Buy Tata Motors; Target price Rs 422: ICICI Direct | Techno Glob


ICICI Direct has a buy call on Tata Motors with a target price of Rs 422. Current market price. 401.55 rupees.

[Incorporatedin1945TataMotorsLtd.isaLargeCapcompany(marketcapRs.133367.84crore)operatingintheautomobilesector.

Ltd. Key product/revenue segments include automobiles; spare parts and other materials; general merchandise; Includes sale of services and other operating taxes for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-06-2022, the company reported a total revenue of Rs 72822.02 crore; The total revenue for the last quarter was Rs 79341.61 crore, down 8.71% from the total revenue of Rs 650988 crore in the same quarter last year. . The company reported a net profit after tax of Rs -4987.01 crore in the last quarter.

Investment Rationale
Demand emerging from the 80% retracement of the previous rally; A favorable risk premium is set.


Promoter/FII Holdings
Promoters hold 46.4 per cent stake in the company as of June 30-2022, while FIIs hold 13.71 per cent; DIIs own 15.18 percent.

(Disclaimer: The recommendations given in this section or the reports attached hereto are written by a third party. The views expressed are the views of the respective authors/organizations. They do not represent the views of Economic Times (ET). ET does not guarantee, vouch, endorse any of its contents and hereby disclaims all warranties. , EXPRESS OR IMPLIED DISCLAIMS RELATING TO SAME.PLEASE CONSULT YOUR FINANCIAL ADVISOR AND GET INDEPENDENT ADVICE.



Source link