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HomeSHARE MARKETBuy This Tata Group Share For A Target Of Rs 1122; Board...

Buy This Tata Group Share For A Target Of Rs 1122; Board Has Approved Split

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Tata Motors Ltd (NSE: TATAMOTORS): The share price of Tata Group’s 79-year-old auto sector giant Tata Motors reached close to Rs 1,000 despite fluctuations in the market on Wednesday.

Shares of Tata Motors Ltd closed at the level of Rs 987.15 on Wednesday.

Global brokerage house recommended Tata Motors to buy the stock with a target price of Rs 1,122, expecting continued good performance.

According to the target quoted by the brokerage, there is a potential 15% upside from its current price in Tata Motors, which is planning to split its business into two listed entities.

Tata Motors’ market capitalization is Rs 3,27689.23 crore. Shares of Tata Motors touched an intraday high of Rs 994.95 in Wednesday trading session.

The stock is currently close to its all-time high of Rs 1,065.60, while it is up 146.26% from its 52-week low of Rs 400.40. We expects Tata Motors’ profitability to strengthen. 

In particular, its luxury car brand Jaguar Land Rover has recorded a 10% growth in volumes between January and February 2024 compared to the same period a year ago.

The brokerage expects JLR to gain market share in the domestic passenger vehicle segment. Thus, expert has advised to buy Tata Motors for a target of Rs 1122 while maintaining its ‘Outperform’ rating.

According to the latest figures from the UK Society of Motor Manufacturers and Traders, the total number of new cars registered in the UK in February increased by 14% compared to last year.

The number of new cars registered in the first half of 2024 was up 10.3% on an annual basis, to 227.762 units.

Overall, Tata Motors’ luxury brand Jaguar recorded a massive 136.54% growth in new car registrations in the UK, reaching 738 units, while its Land Rover also recorded a double-digit growth of 11.71% in February 2024, which Reached 1,517 units.

Jaguar and Land Rover recorded growth of 54.63% YoY and 36.4% YoY respectively in their domestic markets.

Board Has Approved The Demerger

The Tata Motors Board has approved the demerger of the company, which includes the PV, EV, and JLR passenger vehicle businesses, as well as their related investments, into two separate listed entities. Investments are included.

The demerger, it said, is a logical step after the merger of PV and EV businesses in early 2024. It will enable the respective businesses to pursue their respective business strategies and deliver high growth faster while strengthening accountability.

The development of the demerger plan will be keenly watched during the Q4FY2014 announcement, which is likely to occur anywhere between April and May. However, the target indicates double-digit returns in Tata Motors in the near term. However, the maximum target in Auto Player stock is between Rs 1,170 to Rs 1,190.

Another Brokerage house has kept a neutral stance on Tata Motors with a target price of Rs 1,000, while another two renowned expert have kept a target of Rs 1,188 and Rs 1,178 for Tata Motors.

About Tata Motors Ltd Company 

Tata Motors Limited (TML) is a world-class automobile manufacturer that has an extensive portfolio that includes an array of vehicles and SUVs, buses, pickup trucks, trucks, and defense vehicles.

It is a member of the Tata group, which was established by Jamsetji Tata in 1868. 

It is one of India’s biggest Original Equipment Manufacturers (OEMs). It provides a wide range of smart, integrated, and e-mobility solutions. 

It is a portfolio that includes a wide selection of trucks, sports utility vehicles buses, vehicles, as well as a variety of SUVs, cars buses, trucks, and pickups. 

It is made up of four distinct segments that are reported as Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing and others consist of IT-related and insurance brokerage services. 

Most of their revenues are made through India.

They are India’s leading automaker and remain at the forefront in defining our Indian commercial vehicle market by introducing cutting-edge powertrains and electric solutions designed to deliver power and comfort for the user at the lowest cost over the lifecycle.

Their brand-new passenger cars and utility vehicles are built in Impact Design and provide an exceptional blend of driveability, performance, and connectivity.

Their commitment to linking aspirations, and the product pipeline that is tech-enabled keeps them on top of the scene.

Fundamental Analysis of Tata Motors Ltd

Market Cap₹ 3,58,168 Cr.
Current Price₹ 979
52-wk High₹ 1,066
52-wk Low₹ 410
Stock P/E17.8
Book Value₹ 161
Dividend0.20 %
ROCE5.95 %
ROE5.62 %
Face Value₹ 2.00
P/B Value6.06
OPM13.1 %
EPS₹ 58.4
Debt₹ 1,27,864 Cr.
Debt to Equity2.38

Tata Motors Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹870₹1100
2025₹1102₹1213
2026₹1243₹1300
2027₹1345₹1398
2028₹1478₹1600
2029₹1654₹1789
2030₹1800₹1890
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Tata Motors Ltd Shareholding Pattern

Promoters Holding
Dec 202246.39%
Mar 202346.39%
June 202346.39%
Sept 202346.38%
Dec 202346.37%
FII Holding
Dec 202213.89%
Mar 202315.34%
June 202317.72%
Sept 202318.40%
Dec 202318.62%
DII Holding
Dec 202215.21%
Mar 202317.69%
June 202317.38%
Sept 202317.37%
Dec 202317.25%
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Govt. Holding
Dec 20220.14%
Mar 20230.14%
June 20230.14%
Sept 20230.14%
Dec 20230.14%
Public Holding
Dec 202224.36%
Mar 202320.41%
June 202318.38%
Sept 202317.70%
Dec 202317.60%

Tata Motors Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 301,938 Cr
2020₹ 261,068 Cr
2021₹ 249,795 Cr
2022₹ 278,454 Cr
2023₹ 423,874 Cr
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Last 5 Years’ Net Profit:

2019₹ -28,724 Cr
2020₹ -11,975 Cr
2021₹ -13,395 Cr
2022₹ -11,309 Cr
2023₹ 19,774 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.51
20201.58
20212.08
20223.13
20232.77

Last 10 Years’ Profit Growth:

10 Years:-13%
5 Years:-21%
3 Years:31%
Current Year:496

Last 10 years’ Return on Equity (ROE):

10 Years:6%
5 Years:-6%
3 Years:-4%
Last Year:6%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:3%
3 Years:10%
Current Year:33%

Conclusion

This article is a complete guide about Tata Motors Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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