Tata Motors: To Buy or Sell?

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Tata Motors: To Buy or Sell?
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Tata Motors Ltd (NS: TAMO ) on March 11 announced that it sees the CV (commercial vehicles) segment growing at 30% in the next fiscal year after two years of downturn. “One can now say that the economic recovery is well and truly in place and we see the last quarter GDP growth has been positive. The same thing is expected this year…Next year, therefore, we are looking at growth rate in the higher 30s…,” said Tata Motors President Commercial Vehicle Business Unit, Girish Wagh.

However, brokerages are divided over the future of Tata Motors stock. Motilal Oswal (NS: MOFS ) has recommended a ‘buy’ on the stock with a price target of Rs 400. ICICI Direct is also enthusiastic about the stock and has set a target of Rs 375 for Tata Motors. It said, “We attended the virtual Jaguar Land Rover (JLR) investor event…We came away enthused by its aggressive push towards electrification…”

Prabhudas Lilladher, on the other hand, has a ‘reduce’ target on the stock with a target price of Rs 255. The firm says that its concerns lie with the scale of the JLR business and it is not confident that Tata Motors can meet its targets of double-digit margins and positive FCF (free cash flow).

Tata Motors stock has been range-bound since February 2 when it closed at Rs 322. It reached a high of Rs 348.5 on March 3 before falling back to Rs 322.4 where it is currently trading.

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  • Sandeep Ekawade @Sandeep Ekawade
    Buy and accumulate at every dip.It will be a blue chip.
    Like 8
  • Sanskar Khandelwal @Sanskar Khandelwal
    Like 0
  • Manoj Srivastava @Manoj Srivastava
    TAMO should touch it's past glory of level of ~500. Situation and business is better that what it was in Sept 2016, getting EV focus will also help company. Dealer and service network is better that earlier.
    Like 13
  • Sagar Raut @Sagar Raut
    If hold then sell and fresh buy
    Like 4
  • Ajit Kumar Bihani @Ajit Kumar Bihani
    Long term best💯
    Like 2
  • Neer Kheni @Neer Kheni
    buy at 298
    Like 0
  • Tarik Hassan Ansari @Tarik Hassan Ansari
    Like 0
  • Rashid Rashirashid Rashid @Rashid Rashirashid Rashid
    Like 0
  • Davinder Kenhi @Davinder Kenhi
    Like 0
  • Jigar Gandhi @Jigar Gandhi
    Like 2
  • Nannapaneni Pratap @Nannapaneni Pratap
    Like 0
  • Dinesh Daga @Dinesh Daga
    Buy 💯🔥
    Like 2

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