Tata Motors share price in focus ahead of Q4 results today: Here's what analysts expect
Tata Motors share price having more than doubled in last one year remains in focus ahead of Q4 results today. Tata Motors share price is also trading near the 52-week highs.
As investors sentimenst remain string, here is what analysts expect from Q4 results The Tata Motors passenger vehicle sales in India and Jaguar Land Rover sales remains strong. The Medium and Heavy commercial vehicles sales though ride on a strong outlook led by strong economic growth expectations in the country , however have seen tepid Q4 sales thanks to the high base of last year during the March quarter and also ongoing general elections in the country.
Also Read- SBI share price extends gains as analysts remain bullish after upbeat Q4 results; Should you buy the stock? The Domestic Passenger vehicle sales on a strong footing are expected to have grown 14.7% year-on-year and 12.4% sequentially to 55,651 units during the quarter ending March'2024. The medium and heavy commercial vehicle sales at 52,186 units are likely to have grown 12.1% sequentially though own 6.9% year-on-year during the March quarter as per HDFC Securities data.
The Light Commercial Vehicle sales that have 14.8% sequentially however also are down 4.4% year-on-year to 57,253 units during the Q4 Analysts at Motilal Oswal financial Services expect CV growth to moderate up to 1HFY25 largely due to a slowdown in industrial activity ahead of elections, and expect demand to revive in 2HFY25. The Commercial vehicles are pegged to grow 7% CAGR (compound annual growth rate) over FY24-26.
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