Automobile giant Tata Group aka, Tata Motors is set to have a busy May month. The next big event for Tata Motors is Q4 results and the development of the demerger into 1:2. Apart from this, Tata Motors has made three big announcements that will keep its stock price in focus next week. Including the details of its Q3, Tata Motors is set to launch Jaguar Land Rover's new Defender OCTA.
Tata Motors Share Price:
After crossing the Rs 1,000 mark, Tata Motors' share price pulled back from this level. On April 26, the stock ended at Rs 999.35 apiece, down marginally. Its market cap is at Rs 3,32,157.86 crore.
The stock's 52-week high and low is at Rs 1,065.60 and Rs 474.60 apiece. YTD, the stock is up by 26%.
Tata Motors Q4 Results Details:
In its latest release, Tata Motors said, "The Conference call to discuss results for Q4FY24 will start from 6:30 PM (India time) on 10th May 2024 with the Senior Management of Tata Motors and JLR."
For the Q4FY24 preview, Antique Stock Broking said, "We expect PV volumes to post double-digit growth on a YoY basis driven by new launches. New PunchEV has been garnering decent response and dealers expect sales in EV pickup backed by new launch."
At the latest, Motilal Oswal has set a target of Rs 970 for Tata Motors, which is down from the current level. The stance is Neutral. Also, the 1-year average target is lower at Rs 976, down by 2% from the current price, as per Trendlyne data. The data also revealed that the consensus recommendation from 29 analysts for Tata Motors is HOLD. Tata Motors EPS is expected to grow by 1673.5%.
Tata Motors New JLR Launches Coming-Up:
Tata Motors has also announced that the new Defender OCTA, the high-performance all-terrain hero from the original British adventure brand Defender, will be revealed on 3 July 2024, following a series of exclusive client preview events and the completion of its exhaustive testing and development programme.
Ahead of the global reveal, prospective clients for the first year's Defender OCTA allocation are invited to register for one of seven exclusive Defender Elements events in private locations around the world - from the UK, Germany and Italy in Europe, to the United States, Dubai and Japan.
Tata Motors Patent:
On its website, Tata Motors announced that it achieved a significant milestone towards intellectual property rights (IPR) creation with a record-breaking number of 222 Patents and 117 Design applications filed during the year FY24, the highest in its history. These filings span across a wide spectrum of product and process innovations, addressing key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS).
They also cover various vehicle systems such as powertrain, body & trim, suspension, brakes, HVAC, and emission control. Tata Motors also received its highest-ever grant of 333 patents during the same period, taking its total tally of granted patents to over 850.
Tata Motors Next Big Target?
Raj Kumar, the founder of WeInvestsmart.com, on his LinkedIn post in March that they expect Tata Motors to touch the Rs 2,000 mark in 2027, followed by the Rs 2,500 mark in 2018.
In its analysis, WeInvestsmart said that Tata Motors has many opportunities, whether in the fast-growing electric vehicle market, the luxury car market, or the commercial market. It added that each of these areas offers different ways for the company to grow and be profitable in the future.
Apart from earnings, and new launches in the coming month, investors will be keenly watching development related to its demerger in the ratio of 1:2.
Tata Motors Shares Split!
Tata Motors is set to split in the ratio of 1:2.
Tata Motors board has approved the demerger of the company into two separate listed companies housing A) the Commercial Vehicles business and its related investments in one entity and B) the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity.
The demerger is a logical progression of the subsidiarisation of PV and EV businesses done earlier in 2022 and shall further empower the respective businesses to pursue their respective strategies to deliver higher growths with greater agility while reinforcing accountability, it said.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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