However, they said that Tata Motors is a quality stock and weak year-on-year result is mainly due to the recent Covid-19 lockdown and restrictions imposed across nation. … But, Tata Motors shares have strong support at ₹440 levels and any dip in the stock from here should be seen as buying opportunity.
That said, investors and analysts remain bullish that Tata Motors’ stock has much more to offer in 2022. Brokerage firm Jefferies said Tata Motors’ fair value would be around Rs 700 over 18 months.
Tata Group stock among 7 trading ideas to make the best out of market volatility
- Money-making Ideas. …
- Timken | Buy | Target: Rs 2250. …
- Deepak Nitrite | Buy | Target: Rs 2950. …
- Tata Communications | Buy | Target: Rs 1550. …
- La Opala | Buy | Target: Rs 406. …
- Minda Industries | Buy | Target: Rs 1220. …
- SRF | Buy | Target: Rs 2650.
Tata Power | Buy | Target: Rs 245
Looking at the price action and the RSI readings, we expect a positive momentum in the stock and hence, it could resume its broader uptrend. Thus, short-term traders can look to trade with a positive bias and buy in the range of Rs 229-226 for a potential target of Rs 243-245.
What is the future of Tata Motors?
Tata Motors will invest as much as $2 billion over the next four years to launch 10 new electric vehicles just as its broader passenger vehicles division hopes to turn around and generate free cash flow by 2022-23, a top official has said.
What is the future of Tata Power?
The company plans to take its renewable production to massive 15 GW by 2025. Renewable power currently accounts for 30% of total capacity, while the target is to take renewable capacity to 80% by 2030. Also, recent orders and deals bagged by Tata Power in the solar power segment has pumped up the stock.
Stock Price Forecast
The 32 analysts offering 12-month price forecasts for Tata Motors Ltd have a median target of 38.49, with a high estimate of 44.03 and a low estimate of 21.21. The median estimate represents a +20.65% increase from the last price of 31.90.
Shareholding Pattern
| Shareholder | No of shares | Share-holding percentage |
|---|---|---|
| Ratan Tata | 3368 | 0.83336 |
| Sir Dorabji Tata Trust | 113067 | 27.97677 |
| Sir Ratan Tata Trust | 95211 | 23.55857 |
| Tata Investment Corp | 326 | 0.08066 |
Is Tata Sons listed on BSE?
Tata Sons Ltd. is not listed on BSE (View NSE)
Is Tata Power a multibagger?
We list out those 5 multibagger Tata stocks below: 1] Tata Power: As per share price history of Tata Power Company, this stock has surged from around ₹75 to ₹215 levelsin 2021. … The multibagger stock has delivered around 120 per cent return to its shareholders in last 6 months.
Is it good time to buy Tata Power?
Yes, it is a good time to buy TATA POWER shares for the long term. In 1-month TATA POWER has provided 15.78% of returns, in 1 year 181.13% of returns, in 5 years 61.83% of returns and maximum it has provided 1,446.10% of returns. Currently, it is trading at Rs 121.45.
Is Tata Motors in loss?
Tata Motors’ consolidated loss widened to ₹4,441.57 crore in the September quarter compared to ₹314.45-crore loss reported in the same quarter of FY21. The automobile major saw consolidated revenue from operations increase 14.6 per cent to ₹61,378 crore (₹53,530 crore).
Tata motors is expected to perform better and target is Rs 1000 and above by 2030.
Why did Tata Motors fall today?
Tata Motors stock touched an intraday low of Rs 488.10, down 1.87% against the previous close of Rs 497.45 on BSE. Tata Motors shares fell nearly 2% amid a rising market today after brokerage CLSA assigned a sell rating to the Tata Group firm.