Buy Tata Motors, target price Rs 460: ICICI Direct

ICICI Direct has buy call on Tata Motors with a target price of Rs 460. The current market price of Tata Motors Ltd. is Rs 413.15. Time period given by analyst is 3 months when Tata Motors Ltd. price can reach defined target.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 137518.98 Crore) operating in Auto sector.

Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 72822.02 Crore, down -8.22 % from last quarter Total Income of Rs 79341.61 Crore and up 8.71 % from last year same quarter Total Income of Rs 66988.05 Crore. Company reported net profit after tax of Rs -4987.01 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.4 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.71 per cent, DIIs 15.18 per cent.