Leading brokerage firm Emkay Global has assigned buy rating to the Tata Group stock, Tata Motors Ltd with a target price of Rs 530 apiece. The brokerage expects that the stock can offer potential return of 31.84% return in a target time period of 1 year and thus assigned buy rating.
Tata Motors Ltd Stock Outlook
The current market price of Tata Motors Ltd is Rs 402 apiece on BSE with an intraday gain of 0.81%.
Tata Motors Ltd 52-Week High/Low
The stock's 52-week high is quoted at Rs 536 apiece and 52-week low is quoted at Rs 324 apiece, respectively.
Tata Motors Ltd 5-Years Return
The stock has given a return of 0.19% in 5 years, 235% in 3 years, and 22% in 1 year.
Tata Motors Latest Quarterly Results
The company for the quarter ended June 30, 2022 announced a consolidated total income of Rs 72,822 crore, down 8% from previous quarter total income of Rs 79,341 crore. Tata Motors declared a net profit after tax of Rs -4987 crore in the latest quarter.
Tata Motors Ltd To Invest In Range Of 2000 Crore
Tata Motors plans to continue investing in the range of Rs 2,000 crore in its commercial vehicle business per annum going ahead in order to drive in new models based on various kinds of powertrains, according to company's Executive Director Girish Wagh, according to a PTI report.
"At the company's commercial vehicle business level, we have been investing around Rs 2,000 crore per annum which includes our investment in internal combustion engines, alternate fuel as well as electric vehicles. We will continue to invest at the same rate to ensure that we keep coming with new vehicles," Wagh told reporters at the launch event.
Tata Motors Ltd About
Tata Motors Limited, a USD 37 billion organisation, is a leading global automobile manufacturer with a portfolio that covers a wide range of cars, SUVs, buses, trucks, pickups and defence vehicles, according to its official website. Tata Motors is one of India's largest OEMs offering an extensive range of integrated, smart and e-mobility solutions.
The above stock has been picked from the brokerage report of Emkay Global. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.