For Significant Gain, Buy This Tata Group Stock Which Surged 442.84% In 3 Years

Prabhudas Lilladher, leading stock-broking firm, has a "Buy" rating on Tata Motors with a target price of Rs 605. The brokerage firm believes that Tata Motors is well-positioned to benefit from the recovery in the global auto market, strong demand for its electric vehicles and its focus on new product launches.

Tata Motors is one of the leading automobile manufacturers in India and has a strong presence in the global market. The company's product portfolio includes passenger vehicles, commercial vehicles and electric vehicles. Tata Motors has been consistently growing its revenue and profit over the past few years.

The global auto market is expected to recover in the coming years, driven by strong demand in developed and emerging markets. Tata Motors is well-positioned to benefit from this recovery, as it has a strong presence in key markets such as Europe, the United States and China.

Tata Motors is also seeing strong demand for its electric vehicles. The company has launched several electric vehicles in recent years and it is one of the leading players in the global electric vehicle market. Tata Motors is expected to continue to grow its electric vehicle business in the coming years.

In addition to its focus on new product launches, Tata Motors is also focusing on improving its operational efficiency. The company has been investing in new technologies and processes and is working to reduce its costs too. These efforts are expected to help Tata Motors improve its profitability in the coming years.

Here are some of the reasons why Prabhudas Lilladher is bullish on Tata Motors:

• Strong recovery in the global auto market

• Strong demand for electric vehicles

• Focus on new product launches

• Efforts to improve operational efficiency

View & Rating

"We expect revenue/EBITDA CAGR of 12%/32% over FY24/25E. We have a 'BUY' rating with SoTP-based TP of Rs 605 (Mar-25)," Prabhudas Lilladher added.

Scrip Price Movement

The latest stock price of the large cap company has declined 1.15% to Rs 561.40 per share on an intraday basis. In the last one year, the share price has increased by 41.17% while over three years, it has surged massively by 442.84%.

Disclaimer

The stock has been picked up from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the author or the brokerage firm will not be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.