Tata Motors share price falls 1% as Q1 net loss widens- should you buy, hold or sell-
时间:2024-05-18 15:27:55 阅读(143)
Tata Motors share price fell over 3% on Thursday to hit an intraday low of Rs 427 on NSE in early trade after the company reported losses. Consolidated net loss for the quarter ended June 2022 came at Rs 5,006.60 crore, widening from a loss of Rs 4,450.92 crore in the same quarter last year. Company’s total revenue from operations, however, stood at Rs 71,934.66 crore, up 8.32% on-year. The Tata Group company’s EBITDA margin came in at 7.4% for the quarter, while the Ebit margin increased to -0.7%. Brokerages remain bullish on the stock despite the widening loss in the quarter under review, and see up to 19% upside going forward. Tata Motors shares recovered and were quoting at Rs 436.40, down 1.7% on NSE.Stock talk: Should you buy, hold or sell Tata Motors shares?Motilal Oswal: BuyTarget price: Rs 520; Upside: 17%
Tata Motors should witness a gradual recovery as supply-side issues ease (for JLR) and commodity headwinds stabilize (for the India business). The auto major will benefit from: a macro recovery, company-specific volume and margin drivers, and sharp improvement in FCF and leverage in both JLR as well as the India business, according to Motilal Oswal analysts. The stock currently trades at 16.8x FY24E consolidated P/E and 4.2x EV/EBITDA ratio. The brokerage maintained a ‘Buy’ rating on the stock with a target price of Rs 520 per share.
Emkay Global: BuyTarget price: Rs 530; Upside: 19%Emkay Global estimates FY22-24E India CV/PV volume CAGRs of 16%/28%, driven by continued upcycle in industry sales and better chip supplies. “The focus remains on E-PVs, with medium-term investments of US$2bn toward new products, capacity expansion, localization, and charging infrastructure,” the brokerage said. It reaffirmed its ‘buy’ rating on the stock with an SOTP-based target price of Rs 530, implying 19% upside from previous closing price.
(The stock recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
上一篇:Ira Khan and Nupur Shikhare- A power couple’s impressive net worth revealed
下一篇:Yes Bank seeks shareholders’ nod for raising up to Rs 10,000 crore debt capital
猜你喜欢
- Rating- hold; Tata Motors eyes breakeven in electric vehicles
- World Economic Forum 2022- India has no immediate plan to lift wheat export ban, says Piyush Goyal
- Properties registration in Mumbai up 11% at 8,628 units in Sep- Report
- Investment realignment- Don’t look at stock valuations in isolation, consider risk-reward ratio
- Rating- buy; IPRU plans higher premium growth
- IT stocks extend gains, lead indices to new highs
- Will Nifty move towards 18,888 or slip- See SGX Nifty, FII data, US shares, crude, more before market opens
- Principal AMC ceases to exist as an Mutual Fund- Sebi
- Queen Elizabeth 1926 – 2022- Her life in pictures