1:5 Split: Multibagger LIC-Backed Tata Auto Giant Gears Up For Dividend; Buy Or Accumulate?

Tata group company from the auto sector Tata Motors will hold meeting of its Board of Directors on May 10, 2024 to consider, approve financial results for Q4 and recommend dividend if any. Last trading price of Tata Motors share on BSE is Rs 998.70 per share with intraday fall of 1.93%. The LIC-backed and technically strong stock offered robust returns of 50% in last 6-months and 112% in last 1-year. The company has a whopping market capitalisation of Rs 3,31,941.81 crore. Check more details about Tata Motors below:

Tata Motors To Consider Q4 Results, Dividend On May 10, 2024: As per the regulatory filing of the company dated April 15, 2024, "meeting of the Board of Directors of the Company is scheduled on 10/05/2024 ,inter alia, to consider and approve the Audited Financial Results (Standalone and Consolidated ) for the fourth quarter and financial year ended March 31, 2024 along with the Reports of the Auditors thereon and recommend a dividend, if any, on the Ordinary Shares and 'A' Ordinary Shares in the Company for the financial year ended March 31, 2024, for the approval of the shareholders at the forthcoming 79th Annual General Meeting of the Company."

Tata Motors Share Performance & Return: The 52-week high price of Tata Motors shares on BSE is Rs 1065.60 per share (as on 05/03/2024) and 52-week low price is Rs 458.50 per share (as on 17/04/2023). Tata Motors shares soared 117.82% from the 52-week low price of Rs 458.50/share. Tata Motors shares gave traders returns of 26% year-to-date, soared 132% in last 2-years, rallied 229% in last 3-years, and jumped 332% in last 5-years.

Tata Motors Technical: Score is 61.24 indicating the stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically moderately strong. RSI is 54.4, RSI below 30 is considered oversold and above 70 overbought. Number of FII/FPI investors increased from 1036 to 1058 in Dec 2023 quarter. Mutual Funds have increased holdings from 9.82% to 10.37% in Dec 2023 quarter.

Tata Motors Share Price In 1-Year & How Much Profit You Would Have Earned In 1-Yr: Tata Motors share price was Rs 465.25 on April 12, 2023. Let us assumed if you bought 2000 shares of Tata Motors at Rs 465.25 per share with 1-year return at 112.69%, you would have got a corpus of Rs 10,485,80.45 after an year and a profit of Rs 1,18,080.5.

Brokerages On Tata Motors Share Price Target: Sharekhan has recommended buy on Tata Motors stating, "We maintain a Buy with a revised PT of Rs 1,188 on expectations of continued improvement in JLR, PV and CV business and reduced net automotive debt from current levels. Stock trades at P/E multiple of 14.6x and EV/EBITDA multiple of 5.6x its FY26E estimates."

Meanwhile, Prabhudas Lilladher has recommended accumulate call with target price of Rs 1080.

Tata Motors Dividend History: Tata Motors announced 16 dividends since July 3, 2002. In last 12 months, Tata Motors announced an equity dividend of Rs 2.00 per share. At the current share price of Rs 1023.60 per share is taken into perspective, Tata Motors offers a dividend yield of 0.20%.

Tata Motors Stock Split History: Tata Motors split the face value of its shares once since September 12, 2011. Tata Motors last split the face value of its shares from Rs 10 to Rs 2 in 2011.The share traded ex-split from September 12, 2011, according to Trendlyne.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan, and Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.