Motilal Oswal has issued a “buy” call for Tata Motors Ltd. with a target price of Rs 750. Currently, the stock is trading at Rs 621.65.
Tata Motors Ltd., a prominent player in the auto sector, is classified as a Large Cap company with a market capitalization of Rs 205982.24 Crore.
The company’s key revenue segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services, and Other Operating Revenue. For the quarter ending on June 30, 2023, Tata Motors reported a consolidated total income of Rs 103596.62 Crore, representing a 42.26% increase compared to the same quarter last year. However, it experienced a slight decrease of -3.64% compared to the previous quarter. In the latest quarter, the company also reported a net profit after tax of Rs 3089.70 Crore.
As of June 30, 2023, the promoters of Tata Motors 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 considering Tata Motors for their investment portfolio may find Motilal Oswal’s “buy” recommendation and target price of Rs 750 to be valuable insights as they evaluate the potential investment in the company.