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Motilal Oswal has given a buy rating to Tata Motors with a target price of Rs 226. The share price moved up by 7.51 per cent from its previous close of Rs 133.90. The stock’s last traded price is Rs 143.95.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 42056.38 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 31481.86 Crore, down 49.18 % from last quarter Sales of Rs 61949.39 Crore and down 48.25 % from last year same quarter Sales of Rs 60830.16 Crore. The Company reported net profit after tax of Rs -8384.22 Crore in latest quarter.
Investment Rationale
The stock trades at 12.2x FY22E consol. EPS and 0.9x P/B. The brokerage maintains Buy with a target price of INR 226 (Sep’22 SOTP-based).
Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.6 per cent, DIIs 13.4 per cent and public and others 28.6 per cent.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 42056.38 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 31481.86 Crore, down 49.18 % from last quarter Sales of Rs 61949.39 Crore and down 48.25 % from last year same quarter Sales of Rs 60830.16 Crore. The Company reported net profit after tax of Rs -8384.22 Crore in latest quarter.
Investment Rationale
The stock trades at 12.2x FY22E consol. EPS and 0.9x P/B. The brokerage maintains Buy with a target price of INR 226 (Sep’22 SOTP-based).
Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.6 per cent, DIIs 13.4 per cent and public and others 28.6 per cent.