Tata Motors share price: Buy Tata Motors, target price Rs 311.5: HDFC Securities

HDFC Securities has buy call on with a target price of Rs 311.5. The current market price of Tata Motors Ltd. is Rs 294.85.

Time period given by analyst is 10 days 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 98762.55 Crore) operating in Auto sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 66988.05 Crore, down -25.00 % from last quarter Total Income of Rs 89319.34 Crore and up 105.55 % from last year same quarter Total Income of Rs 32589.59 Crore. Company reported net profit after tax of Rs -4320.60 Crore in latest quarter.


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.

(Disclaimer: 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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