Shares of Tata Motors were in focus today after the firm reported a 44 per cent rise in domestic sales to 80,633 units in September. The company logged its highest ever monthly sales led by record sales of Nexon and Punch. However, investors were not enthused about the sales performance with the stock falling after four consecutive sessions of gains.Tata Motors share slipped up to 1.76 per cent to Rs 397.50 against the previous close of Rs 404.65 on BSE. Market cap of the firm fell to Rs 1.33 lakh crore. Tata Motors stock is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. It has taken a hit in 2022, declining 17.44 per cent as the Russia-Ukraine war dampened sentiment in the global market and around the stock in the first half of this year.
Negative cues arising out of the Russia-Ukraine war, the economic slowdown after Covid-19 lockdowns across the world, spike in the cost of commodities and a loss of production due to the shortage of semiconductors have affected sentiment around the stock in 2022.
However, Emkay Global is positive on the stock and given a target price of Rs 530 implying a 32.8 per cent upside against the market price of Rs 399 on September 28.
"We retain our constructive view on Tata Motors, led by expectations of volume upturn in both standalone/JLR divisions, aggressive cost savings, and debt reduction," the brokerage said.
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BNP Paribas too is bullish on the stock and sees a 43.41 percent upside with a target price of Rs 565. The brokerage made the recommendation on September 30. The market price in that session stood at Rs 393.95.
The Tata Group firm reported a 85 per cent rise in its total domestic passenger vehicle dispatches at 47,654 units last month, as compared to 25,730 units in the September last year.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said that the company attained its highest ever monthly sales of 47,654 units last month led by record sales of Nexon and Punch.
"With the recent launch of the Tiago EV, the company has opened new vistas and is poised to drive the mass adoption of EVs across the country. Going forward, we expect the festive season will witness strong retail on the back of improving the supply of vehicles," he added.
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In the first quarter of the current fiscal, Tata Motors' loss widened to Rs 4,951 crore against a consolidated net loss of Rs 4,450 crore in the corresponding quarter of last fiscal. Consolidated revenue from operations in Q1 stood at Rs 71,935 crore against Rs 66,406 crore in the year-ago period. On a standalone basis, Tata Motors reported a net loss of Rs 181 crore against a net loss of Rs 1,321 crore in the year-ago period. Revenue from operations rose to Rs 14,874 crore in Q1 compared to Rs 6,577 crore in the same period a year ago.
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FAQs
Market analysts said that pressure on margins and sturdy ambitions of growth may weigh on the counter as they see the stock to fall further from current levels. Tata Communications reported weak Q4, with continued moderation in organic revenue growth and margin contraction.
What is the future of Tata Motors share? ›
Tata Motors Share Price Target 2024: The share price target is projected to be around ₹1,004, with a range between ₹962.80 and ₹1,046.16. Tata Motors Share Price Target 2025: Expectations set the target at approximately ₹1,255, within a range of ₹1,203.50 to ₹1,307.70.
What will happen after Tata Motors demerger? ›
After the demerger, the company's shareholders will continue to have an identical shareholding in both the listed companies. "The spinoff proposal, which will be placed before the board for approval in the coming months, won't have any adverse impact on the company's employees, customers or business partners, it added.
Is it good to buy Tata Motors share now? ›
Shares of Tata Motors Ltd are on a roll and have delivered over 110 per cent return in the last 12 months. That said, the multibagger stock has also rallied over 470 per cent return in the last 5 years. Tata Motors' share price doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat.
Which stock will boom in 2024? ›
Best Stocks to Invest in India 2024
| S.No. | Company | Industry/Sector |
|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
1 more rowApr 9, 2024
Key Takeaways from Forecasted Price for TATAMOTORS from 2024 to 2030
| Year | Initial Target | Year-End Target |
|---|
| 2024 | ₹938.77 | ₹1140.5 |
| 2025 | ₹1209.4 | ₹1203.96 |
| 2026 | ₹1294.27 | ₹1288.1 |
| 2027 | ₹1383.31 | ₹1377.36 |
3 more rows2 days ago
For Long-Term Investors: Tata Motors' consistent long-term growth makes it an attractive option for investors with a long-term horizon. For Risk-Tolerant Investors: Consideration of the higher volatility (beta) is crucial.
Will Tata Motors share price increase in 2024? ›
Tata Motors Shares Surged 22% In 2024 And 128% In One Year. Experts Believe Momentum Will Continue. - MARKET TODAY BusinessToday.
What is the target price of Tata Motors in 2024? ›
The brokerage at CLSA believes Tata Motors will achieve its targeted net debt reduction for FY24. On the other hand, HSBC has continued with a hold call. The brokerage has raised the target to Rs 1,000 from Rs 920.
Who is next heir to Tata? ›
On November 2, 2022, the board of Tata Medical Centre Trust, a subsidiary of Tata Group, welcomed Leah, Maya, and Neville Tata. These heirs, offspring of Noel Tata, are under the mentorship of Ratan Tata.
Tata Motors Share Price NSE for the year 2030 is between Rs 1,684 and Rs 714. What is the Tata Motors Share Price target in 2025? Tata Motors Share Price NSE for the year 2030 is between Rs 1926 and Rs 1,451.
What happens to shareholders of Tata Motors? ›
Shareholders of TML will continue to have identical shareholding in both the listed entities. This means if a shareholder has 100 shares of TML, she will get 100 shares each in the two demerged companies. However, the company is yet to announce the demerger formalities.
What stock will double in 2024? ›
2 Stocks That Can Double Again in 2024
- SoundHound AI and Sweetgreen are up 174% and 116% so far in 2024.
- SoundHouse AI is seeing its platform for conversational intelligence explode in popularity.
- Sweetgreen has quadrupled over the past year, but it's still a broken IPO with potential to harvest.
Gurmeet Chadha: A lot of re-rating in Tata Motors has already happened. The stock was around 100 levels during Covid and it has been a 10x turn, a phenomenal wealth creation. That has more got to do with the turnaround businesses. They have reduced debt.
Is it time to buy Tata Motors? ›
The daily Relative Strength Index (RSI) is at 74.3. RSI above 70 is considered overbought. This implies that stock may show pullback. “Tata Motors is in overall uptrend and trading near lifetime high territory with strong buying visible across Auto space.
Is Tata Motors share expected to rise? ›
Future Growth
Tata Motors is forecast to grow earnings and revenue by 19% and 8.5% per annum respectively. EPS is expected to grow by 1.8% per annum. Return on equity is forecast to be 27.8% in 3 years.
Why is Tata Steel declining? ›
The weekly average price also had dropped to its lowest point since December'2023. The pressure is being exerted by falling international steel prices amidst tepid demand. More over demand in China, the world's largest consumer of commodities has been declining leading to higher exports from China.
Is Tata Steel a good buy for long term? ›
There are several metal stocks which are best for long term investment like JSW Steel Limited, Jindal Stainless Limited, Tata Steel, and Steel Authority of India.
Which Tata share is best to buy? ›
Which are the top stocks in Tata Group?
- TCS.
- TITAN.
- TATA MOTORS.
- TATA STEEL.
- TATA CONSUMER.
