Tatamotors has been in news for quite some time due to its frequent launch of new and varieties of car models.
Planned multiple unveils and launches in 2023 such as Tata Altroz Racer, Tata Altroz CNG, and Tata Punch CNG.
Tata Motors stock price is showing bullish in the daily and weekly charts.
Strong volume for the last 7 trading sessions
the stock price target can be 500 - 550 in short term.
Foreign brokerage Jefferies is bullish on Tata Motors stocks and recommended buying with a 600 target.
Goldman Sachs has predicted the tata motors' stock price to reach a target of 550 in the short run.
EBIT improves YoY and QoQ. EBIT has gone up from 1.7% (Rs 1204 Crores) in Q3FY2022 to 4.4% (Rs 3885 Crore) in Q3FY2023.
The company sold 9,54,626 units of the vehicle in FY2023 against 7,29,148 units in FY2022. Most of its sales are generated by domestics.
TML Group Automotive business is segmented into Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing (Tata Motors Finance).
TATAMotors is often compared with global auto maker Tesla because of its early entry advantage in the electric vehicle market.
It is right time to invest for long term