Buy Tata Motors, target price Rs 543: ICICI Direct

ICICI Direct has buy call on Tata Motors with a target price of Rs 543. The current market price of Tata Motors Ltd. is Rs 517.5. Time period given by analyst is Intra Day 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 171921.59 Crore) operating in Auto sector.

Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 72931.86 Crore, up 17.17 % from last quarter Total Income of Rs 62245.73 Crore and down -4.50 % from last year same quarter Total Income of Rs 76365.79 Crore. Company reported net profit after tax of Rs -1338.17 Crore in latest quarter.

Investment Rationale
Breaking above a bullish flag like formation in the monthly chart .

Promoter/FII Holdings
Promoters held 46.4 per cent stake in the company as of 31-Dec-2021, while FIIs owned 14.57 per cent, DIIs 13.64 per cent.