Motilal Oswal has issued a “buy” call on Tata Motors Ltd., setting a target price of Rs 740. Currently, Tata Motors Ltd. is trading at Rs 623.65 in the market.
Tata Motors Ltd., established in 1945, is a large-cap company operating in the Auto sector, with a market capitalization of Rs 205,799.56 Crore.
Tata Motors Ltd.’s key products and revenue segments for the fiscal year ending include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services, and Other Operating Revenue.
In terms of financials, for the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 103,596.62 Crore, reflecting a decrease of -3.64% from the total income of Rs 107,509.28 Crore in the previous quarter. However, there was a substantial increase of 42.26% from the total income of Rs 72,822.02 Crore in the same quarter the previous year. The company recorded a net profit after tax of Rs 3,089.70 Crore in the latest quarter.
As of June 30, 2023, the promoters held a 46.39% stake in the company, while foreign institutional investors (FIIs) owned 17.72%, and domestic institutional investors (DIIs) held 17.34%.
Investors may consider this “buy” call from Motilal Oswal when evaluating their investment decisions. The target price of Rs 740 suggests potential growth for Tata Motors in the future. However, it’s important to conduct thorough research and consider your own financial goals and risk tolerance before making any investment decisions.