Tata Motors Share Target; What Should Investors Do After Q4 Results: Buy, Sell or Hold?

The stock of Tata Motors climbed 5% in early trading on May 13, a day after the firm disclosed its March quarter profits.

Tata Motors Limited recorded a consolidated financial loss of Rs 1,032 crore for the quarter ending March 2022, compared to a consolidated net loss of Rs 7,605 crore the previous quarter.

The company’s consolidated revenue from operations fell 11.5 percent year over year to Rs 78,439 crore in the reporting quarter.

Also Read :- Why Metal Stocks Are Falling? — Explained

Here is what brokerages have to say about stock and the company post March quarter earnings:

CLSA | Target Price : Rs 392-411

Brokerage firm CLSA has improved Tata Motors’ rating from sell to underperform, as well as its target price from Rs 392 to Rs 411.

JLR struggles to continue and disappoint owing to negative surprise on ASP, although its domestic business was solid.

According to CNBC-TV18, volume, mix, and greater realisation led to margin improvement in CV and PV, while robust demand should drive volume growth.

Also Read :- Hot Stocks For Short Term | Here Is Why You Should Buy Gujarat Gas, Avanti Feeds, TCS For 10-19% Return

JPMorgan | Target Price: Rs 525

JPMorgan has maintained an overweight rating on the company and boosted its target price to Rs 525 per share.

The company’s deleveraging path is expected to continue with a robust FCF recovery and excellent projection for FY23.

According to CNBC-TV18, the business should expect net automotive debt to fall to Rs 11,800 crore by FY24.

Also Read :- Stocks To Watch | Larsen & Toubro, Tata Motors, SBI And Others In News Today

Morgan Stanley | Target Price: Rs 560

Tata Motors is still rated overweight by the brokerage, with a target price of Rs 560 per share.

JLR is expected to have a poor first quarter, but FY23 outlook is a pleasant surprise. Unlike the downturn of 2018, the firm is now better positioned on JLR, as well as India PVs and CVs.

According to CNBC-TV18, JLR is facing headwinds, and Q1 EBIT margin and FCF may be negative.

Also Read :- Rakesh Jhunjhunwala Portfolio; Dividend Paying Stock NCC May See 50% Upside, Says Anand Rathi

At 9:16am, Tata Motors was quoting at Rs 391.25, up Rs 19.15, or 5.15 percent on the BSE.

Disclaimer :- The views and recommendations made above are those of individual analysts or broking companies, and not of Ours.
Get Latest Daily Stock Market News & Economy News Updates, Stock Picks & Analysis, IPO, Earnings, Dividend News Alerts. Get Quick Updates On Share Price India News Twitter & Facebook Handle.
We will be happy to hear your thoughts

Leave a reply

Share Price India News
Logo
Enable registration in settings - general