Buy Tata Motors, target price Rs 1200: JM Financial
Tata Motors with a target price of Rs 1200. The current market price of Tata Motors Ltd. is Rs 1003.9.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 328086.28 Crore) operating in Auto sector.
Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 121446.15 Crore, up 8.36 % from last quarter Total Income of Rs 112075.94 Crore and up 12.96 % from last year same quarter Total Income of Rs 107509.28 Crore. Company reported net profit after tax of Rs 17282.04 Crore in latest quarter.
Promoter/FII Holdings Promoters held 46.36 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.2 per cent, DIIs 16.0 per cent.
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