Buy Tata Motors, target price Rs 210: ICICI Direct

ICICI Direct has buy call on Tata Motors with a target price of Rs 210. The current market price of Tata Motors Ltd. is Rs 177.1.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 54335.05 Crore) operating in Auto sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 52839.02 Crore, up 67.84 % from last quarter Sales of Rs 31481.86 Crore and down -18.41 % from last year same quarter Sales of Rs 64763.39 Crore. Company reported net profit after tax of Rs -348.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of March 31, 2020, while FIIs held 16.8 per cent, DIIs 13.6 per cent and public and other 27.2 per cent.