Sharekhan's Latest Pick Is Large Cap Multibagger Tata Stock, Target Price Rs 516

Sharekhan has picked Tata Group Stock, Tata Motors for investment with a target price of Rs 516 apiece. The current market price of the stock is Rs 433 apiece with a marginal intraday decline of 0.03%. If you buy the stock at its current market price, you are set to receive a potential return of 19%.

The Sharekhan universe of automobile companies performed strongly in Q2FY2023. Revenue and EBITDA reporting significant improvement during the quarter, led by robust domestic demand and softening raw-material prices. Passenger vehicles (PVs) and two-wheelers (2Ws) were the key growth drivers for the quarter. Check key takeaways below:

1. Tata Motors Stock Performance

The last trading price of the stock is Rs 433 apiece with 52-week high at Rs 528 apiece and 52-week low at Rs 366 apiece, respectively. The company has a market capitalisation of Rs 1,43,827.45 crore.

2. Tata Motors Return

The large cap stock has given 4% return in last 5-years, 168% return in last 3-years, and declined 6% in last 1-year. It has fallen 4% in last 3-months. The stock has jumped over 5% again in last 1-month.

3. Robust Performance By OEMs And Ancillary Companies In Q2

The Sharekhan universe of automobile companies performed strongly in Q2FY2023, with revenue and EBITDA reporting significant improvement during the quarter, led by robust domestic demand and softening raw- material prices. PVs and 2Ws2Ws were the key growth drivers for the quarter.

4. Tata Motors About

Tata Motors Ltd. is one among India's largest automobile manufacturers, with a footprint in commercial cars, sports utility vehicles, trucks, buses and defence vehicles. The company operates in two major segments-Automotive Operations and Other Operations.

Tata Motors was established in 1945 as part of the Tata Group and is headquartered in Mumbai, Maharashtra. Tata Motors has an international presence and it operates in more than 125 countries where it caters to customer needs from passenger to commercial vehicles. The company's Automotive Operations operates in four sub-segments-Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Sharekhan. 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.