Tata Motors Share: Stock on 52 weeks from 52 weeks high in 6 months in 6 months, the right time to buy or wait; What is the new target of brokerage

Tata Motors Share Price: Auto sector veteran Tata Motors shares rolled to 9 per cent to their 52 -week low level 684 rupees as soon as the stock market opened on Thursday (January 30). This major decline in auto stocks came after releasing the results of the December quarter. On Wednesday, Tata Motors shares rose 3.2 percent on BSE. The company announced the quarterly results on Wednesday (January 29) after the market closed. Tata Motors’ Net Profit fell by 22.4 percent to Rs 5,451 crore on an annual basis in the December quarter. The company’s profit has decreased due to revenue falling 2.7 percent to Rs 1,13,575 crore.

Let us know that Tata Motors was the top gainer of Nifty in 2023 and 2024. Whereas now the stock is about 40% correct from its all -time high level. Brokerage houses say that Tata Motors’ growth outlook remains weak for every segment of the company. Most of the brokerage companies remain bearish on Tata Motors and have also reduced their target price on stock.

Nuvama: Rating Reduce | Target Price 720 |

Brokerage firm Nuwama has retained its rating on Tata Motors on ‘Reduce’. However, brokerage has reduced the target price on stock to Rs 720. Earlier it was 750 rupees. Tata Motors shares closed at Rs 752 on Wednesday (January 29).

Motilal Oswal: Rating Neutral | Target Price 755 |

Brokerage firm Motilal Oswal has retained his rating on ‘Neutral’ on Tata Motors. Also, a target price of Rs 755 has been given on the stock. Tata Motors shares closed at Rs 752 on Wednesday (January 29).

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Brokerage said Tata Motors’ growth outlook remains weak in terms of company’s segment. In India, the company’s commercial vehicle and passenger vehicle business is seeing dull demand. Due to lack of any trigger, we are retaining our ‘neutral’ on Tata Motors.

Jefferies: rating underperform | Target Price 660 |

Brokerage firm Jefferies India has changed the rating on Tata Motors to ‘Underperform’. Brokerage has downed its rating on Tata Motors after 3.5 years. Brokerage said that the demand for commercial and passenger vehicle has declined in Bharata. Competition has also increased in seven electric vehicles.

Tata Motors Share History

Tata Motors shares have been under pressure for some time. The stock has fallen 5 percent in the last one month, 16.64 percent in three months and about 40% in the last six months. The stock of 52 weeks high is Rs 1,179 while 52 weeks low is Rs 684. The company’s total market cap on BSE is Rs 2,57,918 crore.

How to have Q3 results of Tata Motors?

Auto sector giant Tata Motors has fallen by 22.4 percent in the NET profit and it has come down to Rs 5,451 crore. This happened due to a sluggish increase of 2.7 percent to Rs 1,13,575 crore. The company recently increased the price in commercial and electric vehicles to make up for inflation.

However, figures look better than the previous quarter. On this basis, net profit has increased by 63 percent and revenue 12 percent. Tata Motors Group Chief Financial Officer (CFO) PB Balaji said that despite external challenges he is on the way to register a strong performance in FY 2024-25. On Wednesday, Tata Motors shares rose 3.2 percent on BSE.

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The luxury vehicle wing of Tata Motors Jaguar Land Rover (JLR) is facing challenges in demanding demand in markets like China and the company is adopting a waiting and review stand on the impact of Trump’s fee policies, of which America There is a fear of more tax levy when imported. JLR recorded a strong quarter with a record quarter revenue of 7.5 billion pounds (1.5 percent growth) and the earlier benefits from taxes and extraordinary items were 52.3 crore pounds (10.3 crore pounds).

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