Buy Large Cap Tata Group Stock For Higher Return, TP Rs 740: Motilal Oswal

Brokerage firm Motilal Oswal appears bullish on Large cap Tata Group Stock from the auto sector, Tata Motors Ltd. The analyst has assigned buy call to Tata Motors shares with target price of Rs 740 per share. Tata Motors shares soared 57% YTD and gained 329% in last 3-years. Last trading price of Tata Motors stock price is Rs 622.10 apiece on BSE. If you buy Tata Motors share at last trading price of Rs 622.10 apiece, you can fetch likely return of 18.97%. Check details below:

JLR Retail Sales Soar 21% YoY In Q2: Tata Motors-owned Jaguar Land Rover's (JLR) retail sales witnessed a surge of 21% YoY to 106,561 units for the second quarter ended September 30, 2023. It also included the Chery Jaguar Land Rover China JV. The company announced retail sales of 88,121 units in the corresponding quarter of preceding fiscal. "Retail volumes were higher in all regions year-on-year," stated theh company in a statement on October 5. "Overseas up 56%, North America up 32%, Europe up 16%, UK up 9% and China up 7%."

Tata Motors Stock Outlook & Return Over Years: Last trading price of Tata Motors Ltd share is Rs 622.10 per share with intraday gain of 0.41%. The stock's 52-week high price is Rs 665.30 per share and 52-week low price is Rs 375.50 per share, respectively. The company has a market capitalisation of Rs 2,06,681.34 crore. Tata Motors stock gained 42% in last 6-months, soared 50% in last 1-year, surged 50% in last 1-year, rallied 85% in last 2-years, and offered return of 187% in last 5-years.

Tata Motors Financials: Tata Motors for the quarter ended June 30, 2023 announced its consolidated profit at Rs 3202.80 crore as against a loss of Rs 5006.60 crore in the same quarter an year ago. Meanwhile, consolidated revenue for the quarter reported at Rs 1,02,236 crore, up 42.1%, as per the BSE filing. The company's consolidated earnings before, interest, tax, depreciation, and amortization (EBITDA) soared over fivefold YoY to Rs 13,218 crore. Operating margin grew by a huge 860 basis points YoY to 13% as compared to 4.4% in the year-ago period.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.