Buy Tata Motors, target Rs 130: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Tata Motors Ltd. with a target price of Rs 130. The current market price of Tata Motors Ltd. is Rs 124.25. Time period given by the analyst is Intra Day when Tata Motors Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep stoploss at Rs 121.5. Tata Motors Ltd., incorporated in 1945, has a market cap of Rs 35875.31 crore.

Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles which contributed Rs 57868.04 Crore to Sales Value (97.05 % of Total Sales), Other Operating Revenue which contributed Rs 1390.36 Crore to Sales Value (2.33 % of Total Sales), Sale of services which contributed Rs 365.17 Crore to Sales Value (0.61 % of Total Sales) and Income From Financial Services which contributed Rs 1.12 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 60830.16 Crore, down -29.00 % from last quarter Sales of Rs 85676.33 Crore and down -7.77 % from last year same quarter Sales of Rs 65956.78 Crore Company has reported net profit after tax of Rs -3434.25 Crore in latest quarter. The company’s top management includes Dr.Ralf Speth, Mr.Guenter Butschek, Mr.N Chandrasekaran, Mr.Om Prakash Bhatt, Mr.Ratan N Tata, Ms.Hanne Sorensen, Ms.Vedika Bhandarkar. Company has BSR & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 2,887,348,694 shares outstanding.