Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 52960.46 Crore) operating in Auto sector.
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Agencies
Promoters held 42.4 per cent stake in the company as of March 31, 2020, while FIIs held 16.8 per cent, DIIs 13.6 per cent and public and other 27.2 per cent.
Edelweiss has given a buy rating to Tata Motors with a target price of Rs 197. The share price moved up by 0.50 per cent from its previous close of Rs 171.40. The stock’s last traded price is Rs 172.75.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 52960.46 Crore) operating in Auto sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 52839.02 Crore, up 67.84 % from last quarter Sales of Rs 31481.86 Crore and down -18.41 % from last year same quarter Sales of Rs 64763.39 Crore Company reported net profit after tax of Rs -348.16 Crore in latest quarter.
Investment Rationale The brokerage maintains ‘BUY/SO’ with an SoTP-based TP of INR197, valuing the India business at 10.5x EV/EBITDA and JLR at 6.5x EV/EBIT. Promoter/FII Holdings Promoters held 42.4 per cent stake in the company as of March 31, 2020, while FIIs held 16.8 per cent, DIIs 13.6 per cent and public and other 27.2 per cent.
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