Tata Motors Share Price may increase up to Rs 963.70, know what is the analysis of big investors
Tata Motors has been a focal point in the Indian stock market, especially on October 14, 2024, when its share price was noted at ₹930.70. This marks a slight decline from previous trading sessions, reflecting broader market trends and company-specific performance metrics.
Main Points
As of today, Tata Motors’ stock is trading at approximately ₹930.70, with a previous close of ₹928.50. Over the past week, the share price has decreased by 4.80%, and over the last month, it has seen a decline of 11.58%. In the past six months, the stock has dropped by 8.17%. The market capitalization stands at around ₹342,709 crore, placing it among the significant players in the auto sector.
Historical Context
Tata Motors reached a 52-week high of ₹1,179 on July 30, 2024, and a low of ₹621.85 on October 30, 2023. This volatility highlights the company’s fluctuating performance amidst changing market conditions.
- P/E Ratio: 10.03
- Book Value per Share: ₹230.62
- Dividend Yield: Approximately 1.32%
- ROE (Return on Equity): 36.97%, significantly higher than its five-year average.
Revenue Insights
In recent quarterly results, Tata Motors reported an annual revenue growth of 27%, showcasing resilience despite economic challenges. However, there was a quarter-on-quarter revenue decline of 9.74%, which is noted as the lowest in three years.
Analyst Ratings and Target Prices
Market analysts have varying opinions on Tata Motors’ future performance:
- Emkay Global Financial has set a target price of ₹1,175, suggesting a bullish outlook based on expected recovery trends.
- Conversely, Motilal Oswal has recommended a more cautious approach with a target of ₹990, reflecting potential headwinds in the automotive sector.
For traders and investors looking to make informed decisions:
- Support Level: ₹893.85 (today’s low)
- Resistance Level: ₹937 (today’s high)
These levels are crucial for understanding potential price movements in the near term.
The overall sentiment around Tata Motors remains mixed due to global economic conditions and domestic market fluctuations. While some analysts advocate for buying opportunities at lower prices, others advise caution given recent declines.
Looking ahead, Tata Motors is expected to focus on expanding its electric vehicle (EV) segment and enhancing its operational efficiencies to cope with market pressures. The company aims to leverage its strong brand presence and innovative capabilities to navigate through these challenging times.
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.
