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Nov 6, 2017, 06.33 PM IST

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Buy Tata Motors, target Rs 470: Chandan Taparia

ETMarkets.com|
Nov 06, 2017, 08.39 AM IST
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Chandan Taparia of Motilal Oswal Securities has a buy call on Tata Motors with a target price of Rs 470.

The current market price of Tata Motors is Rs 446.90.

Time period given by the analyst is intraday when Tata Motors price can reach defined target.

Chandan Taparia recommended to keep a stop loss at Rs 435.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 1,51,760.58 Crore) operating in Auto sector.

Tata Motors key Products/Revenue Segments include Vehicle Mounting which contributed Rs 48,018.52 Crore to Sales Value (97.79 per cent of Total Sales), Other Operating Revenue which contributed Rs 711.92 Crore to Sales Value (1.44 per cent of Total Sales), Sale of services which contributed Rs 368.03 Crore to Sales Value (0.74 per cent of Total Sales) and Income from Vehicle Financing which contributed Rs 1.94 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Dr.R A Mashelkar, Dr.Ralf Speth, Mr.Guenter Butschek, Mr.N Chandrasekaran, Mr.N Munjee, Mr.Om Prakash Bhatt, Mr.Ratan N Tata, Mr.Satish Borwankar, Mr.V K Jairath, Ms.Falguni Nayar.

Company has BSR & Co. LLP as its auditors.

As on 30-09-2017, the company has a total of 2,887,348,694 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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