Tata Motors Stock Price Today :Today, Tata Motors shares are witnessing a big decline. This auto stock of Tata Group fell by about 4 percent to Rs 1090, which closed at Rs 1144 on Thursday. The company has released its June quarter results on Thursday i.e. August 1, which were in line with market estimates. But the market was disappointed by the management’s commentary, which said that global demand is expected to decline for the remaining period of the current financial year. The opinion of brokerage houses is divided among themselves regarding this stock. Some are advising to sell the stock while some are advising to buy. The stock has strengthened by 77 percent in a year and 38 percent this year.
FirstCry IPO: The price of FirstCry IPO is Rs 465, but these people will get a discount of Rs 44
Tata Motors : Neutral Rating
Brokerage house Motilal Oswal has given a neutral rating on Tata Motors and reduced the target price to Rs 1025. While the current price is Rs 1144. The brokerage says that we expect JLR margins to see limited expansion during FY24-26. Because of 1) rising cost pressures as it invests in demand generation, 2) normalized mix, and 3) EV ramp-up, margins are likely to weaken. This recent supplier-based constraint may come as an incremental headwind in the near term. Demand for both CV and PV business is also being seen in India.
While there is no doubt that Tata Motors has delivered a very strong performance across its key segments in FY24, there are clear headwinds ahead that could hurt its performance. We have raised our EPS estimates for FY25/FY26 by 3 per cent and 4 per cent. The stock is trading at 19.1x/16.4x FY25E/FY26E conso EPS and 7.0x/5.7x EV/EBITDA.
Ceigall India IPO: This IPO can be a profitable deal, understand in 10 points why you should bet on it
Tata Motors : SELL Rating
Brokerage house ICICI Securities has given a SELL rating on Tata Motors stock and set a target price of Rs 923. This is much below the current price of Rs 1144. The brokerage has pegged Tata Motors’ Q1FY25 consolidated EBITDA at Rs 158 billion, beating the consensus estimate of Rs 152 billion. JLR’s EBIT margin declined 40bps quarter-on-quarter to 15.5 per cent. With JLR’s volume growth stabilizing at 5 per cent, EBIT margin stabilizing at 8-9 per cent and capex rising to GBP 3.5 billion, we believe that in FY25-26E, it will be difficult for JLR to surpass GBP 2.3 billion FCF. For the company’s India business, with commercial vehicles remaining flat and passenger vehicles growing in single digits, we believe improving margins in the EV business will be the key driver of EBITDA growth.
Tata Motors : SELL Rating
Brokerage house UBS has given Sell rating on Tata Motors and has set the target price for it at Rs 825 per share.
At the same time, brokerage house Goldman Sachs has given Sell rating to Tata Motors and has set the target price at Rs 1100 per share.
Ola Electric IPO: Will Ola Electric be included in the list of blockbuster IPOs, ratings and reviews are in favor
But these brokerages are bullish
Brokerage house JP Morgan has maintained overweight rating on Tata Motors shares and increased the target price to Rs 1250 per share.
Brokerage house Jefferies has also maintained overweight rating on Tata Motors shares and increased the target price to Rs 1330 per share.
Brokerage house Nomura has also maintained overweight rating on Tata Motors shares and increased the target price to Rs 1303 per share.
(Disclaimer: Advice or information regarding investing in shares is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
