Tata Motors Share price may fall to Rs 903, know market analysis of next 7 days
Tata Motors, the leading Indian automotive manufacturer, has seen its share price surge by over 5% today on the back of strong Q2 results and a positive outlook for the coming quarters. The company’s shares are currently trading at ₹1,125, up from the previous close of ₹1,069.
Strong Q2 Results of Tata Motors Share price
Tata Motors reported its Q2 results earlier this week, which showed a significant improvement in both revenue and profitability. The company’s revenue for the quarter stood at ₹96,189.7 million, up from ₹79,318.6 million in the same period last year. This growth was driven by strong demand for the company’s passenger vehicles, particularly its range of electric vehicles (EVs).
The company’s profitability also improved, with the operating margin reaching 8.5%, up from 6.2% in the previous quarter. This was due to a combination of cost-cutting measures and improved pricing power.
Positive Outlook of Tata Motors Share price
Analysts are bullish on Tata Motors’ prospects going forward. The company’s strong performance in the EV segment is expected to continue, with the launch of several new models in the coming quarters. The government’s push for electric mobility is also expected to drive demand for Tata Motors’ EVs.
The company’s commercial vehicle segment is also expected to perform well, with the economy showing signs of recovery and infrastructure projects picking up pace. Tata Motors is well-positioned to benefit from this growth, with its strong brand and wide range of products.
Valuation of Tata Motors Share price
Despite the recent surge in its share price, Tata Motors is still trading at a discount to its peers. The company’s P/E ratio is currently at 11.7, compared to the industry average of 15. This suggests that there is still room for further upside in the stock.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
