Tata Motors share price: Buy Tata Motors, target price Rs 432: Edelweiss

Edelweiss has buy call on with a target price of Rs 432. The current market price of Tata Motors Ltd. is Rs 348.85. Time period given by analyst is one year when Tata Motors Ltd. price can reach defined target.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 115513.51 Crore) operating in Auto sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 89319.34 Crore, up 16.96 % from last quarter Total Income of Rs 76365.79 Crore and up 41.65 % from last year same quarter Total Income of Rs 63057.43 Crore. Company reported net profit after tax of Rs -7510.85 Crore in latest quarter.

Investment Rationale
The brokerage believes JLR has a well-planned strategy to achieve its long-term targets taking into account the advantages and disadvantages of its scale. The brokerage is impressed with the company’s focus on identified priority areas and trying to bring in simplification and efficiency in every aspect


Promoter/FII Holdings
Promoters held 46.4 per cent stake in the company as of March 31, 2021, while FIIs held 13.8 per cent, DIIs 12.1 per cent and public and others 27.8 per cent.





(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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