Buy Tata Motors, target price Rs 900: Motilal Oswal

Motilal Oswal has buy call on Tata Motors Ltd. with a target price of Rs 900. The current market price of Tata Motors Ltd. is Rs 796.7.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 264007.92 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-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 106758.98 Crore, up 3.05 % from last quarter Total Income of Rs 103596.62 Crore and up 32.37 % from last year same quarter Total Income of Rs 80649.88 Crore. Company reported net profit after tax of Rs 3783.04 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.38 per cent stake in the company as of 30-Sep-2023, while FIIs owned 18.4 per cent, DIIs 17.28 per cent.