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.


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.


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.

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