ETAutoMotilal Oswal has buy call on with a target price of Rs 350. The current market price of Tata Motors Ltd. is Rs 257.95.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 81147.34 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 74878.98 Crore, up 41.71 % from last quarter Sales of Rs 52839.02 Crore and up 5.39 % from last year same quarter Sales of Rs 71051.42 Crore Company reported net profit after tax of Rs 3222.21 Crore in latest quarter.
Investment Rationale
The stock trades at 3.4x FY22 EV/EBITDA and 1.4x P/BV. Maintain Buy, with TP of ~INR350 (Mar’23-based SOTP).
Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.6 per cent, DIIs 12.7 per cent and public and others 29.3 per cent.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 81147.34 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 74878.98 Crore, up 41.71 % from last quarter Sales of Rs 52839.02 Crore and up 5.39 % from last year same quarter Sales of Rs 71051.42 Crore Company reported net profit after tax of Rs 3222.21 Crore in latest quarter.
Investment Rationale
The stock trades at 3.4x FY22 EV/EBITDA and 1.4x P/BV. Maintain Buy, with TP of ~INR350 (Mar’23-based SOTP).
Promoter/FII Holdings
Promoters held 42.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.6 per cent, DIIs 12.7 per cent and public and others 29.3 per cent.
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