Sell Tata Motors, target price Rs 395: Kotak Securities

Kotak Securities has sell call on Tata Motors with a target price of Rs 395. The current market price of Tata Motors Ltd. is Rs 404.95. 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 136744.86 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 31-03-2022, the company reported a Consolidated Total Income of Rs 79341.61 Crore, up 8.79 % from last quarter Total Income of Rs 72931.86 Crore and down -11.17 % from last year same quarter Total Income of Rs 89319.34 Crore. Company reported net profit after tax of Rs -1099.32 Crore in latest quarter.

Investment Rationale
Stock has formed reversal formation with long bearish candle indicating further downside

Promoter/FII Holdings
Promoters held 46.4 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.45 per cent, DIIs 14.39 per cent.