Motilal Oswal Recommends Tata Group Auto Stock To Buy, Target Price Rs 750

Motilal Oswal Financial Services has assigned buy call to large cap Tata Group auto sector stock, Tata Motors Ltd with target price of Rs 750 per share. Current market price of Tata Motors share is Rs 634.15 per share with intraday gain of 1.57% on BSE. Check details below:

Tata Motors Stock Outlook & Return In Last Few Years: Last trading price of Tata Motors stock on BSE is Rs 634.15 per share. Its 52-week high price is Rs 665.30 per share and 52-week low price is Rs 375.50 per share, respectively. The company has a market capitalisation of Rs 2,10,684.73 crore. Tata Motors stock offered shareholders return of 12% in last 3-months, gained 54% in last 6-months, soared 42% in last 1-year, and rose 103% in last 2-years. In last 3-years, Tata Motors shares witnessed a rally of 328%. Tata Motors stock jumped 138% in last 5-years.

Tata Motors Financials: Tata Motors announced its consolidated profit at Rs 3202.80 crore for the quarter ended June 30, 2023 as against the loss of Rs 5,006.60 crore declared in the corresponding quarter last year. The consolidated revenue for the quarter announced at Rs 1,02,236 crore, up 42.1%, according to its BSE filing. Its EBITDA for the June quarter declared at Rs 14,700 crore, up 177%.

The company's revenue for the British arm Jaguar Land Rover (JLR) bettered by 57% to £6.9 billion amid robust wholesales and improved mix resulting in EBIT margins of 8.6% (up 1,300bps). "However, the EBIT margins improved to 6.5 per cent (up 370 bps) benefiting from the demand-pull strategy and richer mix. PV business was steady with 11.1 per cent revenue growth and EBIT of 1 per cent (+10bps)," Tata Motors said.

Tata Motors About: Tata Motors Group (Tata Motors) is a USD 42 billion organisation. It is a leading global automobile manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defence vehicles. Tata Motors is one of India's largest OEMs offering an extensive range of integrated, smart and e-mobility solutions, according to its official website.

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