1:5 Split: Buy Tata Auto Giant, PT Rs 1188; 1K Shares Bought 1-Yr Ago Gave 5,02,547.2 Corpus

2 Leading analysts are upbeat on Tata group company from the auto sector Tata Motors. Sharekhan has assigned buy rating with target price of Rs 1188 per share while Prabhudas Lilladher has recommended hold rating with target price of Rs 1075 per share. Last trading price of Tata Motors share on BSE is Rs 963.20 per share with intraday dip of 0.84%. It is worth noting that Board of Directors of Tata Motors will hold meeting on May 10, 2024 to consider financial results for Q4 and recommend dividend, if any.

If you had bought 1,000 shares of Tata Motors an year ago at Rs 476.8 per share (April 20, 2023), you would have got a corpus of Rs 5,02,547.2 lakh and a profit of Rs 25,747.2 thousand considering Tata Motors shares offered return of 105.40%. The total investment would be 4,76,800.

Tata Motors To Consider Q4 Results, Dividend Next Month: According to the BSE filing of the company issued on April 15, 2024, "meeting of the Board of Directors of the Company is scheduled on 10/05/2024 ,inter alia, to consider and approve the Audited Financial Results (Standalone and Consolidated ) for the fourth quarter and financial year ended March 31, 2024 along with the Reports of the Auditors thereon and recommend a dividend, if any, on the Ordinary Shares and 'A' Ordinary Shares in the Company for the financial year ended March 31, 2024, for the approval of the shareholders at the forthcoming 79th Annual General Meeting of the Company."

Sharekhan Assigns Buy Call: Sharekhan said has buy on Tata Motors with price target of Rs 1188. The analyst said, "We maintain a Buy with a revised PT of Rs 1,188 on expectations of continued improvement in JLR, PV and CV business and reduced net automotive debt from current levels. Stock trades at P/E multiple of 14.6x and EV/EBITDA multiple of 5.6x its FY26E estimates."

Prabhudas Lilladher Gives Hold Rating: Prabhudas Lilladher said, "We remain positive on Tata Motors based on: JLR's volume ramp-up, leading to strong revenue, profitability, and FCF; a focus on increasing market share in the PV segment through model launches and rising EV penetration; and profitable and robust FCF performance, driven by margin expansion in the CV segment. Consequently, our SoTP-based target price has been revised upwards to Rs 1,075. However, given the stock's sharp run-up over the last three months, we are downgrading our recommendation to 'ACCUMULATE' from 'Buy'.

Tata Motors Share Performance & Return: The 52-week high price of Tata Motors shares on BSE is Rs 1065.60 per share (as on 05/03/2024) and 52-week low price is Rs 467.20 per share (as on 21/04/2023). Tata Motors shares have already jumped 106.16% from the 52-week low price of Rs 467.20/share. Tata Motors shares declined 5.42% in last 1-week, witnessed rally of 44% in last 6-months, gave return of 105% in last 1-year, and surged 308% in last 5-years.

Tata Motors Technical: Score is 61.6 highlighting it is technically moderately strong. RSI of Tata Motors is 42.5. RSI below 30 is considered oversold and above 70 overbought. Number of FII/FPI investors increased from 1058 to 1146 in Mar 2024 qtr. Mutual Funds have decreased holdings from 10.37% to 9.50% in Mar 2024 quarter. Number of MF schemes decreased from 43 to 42 in Mar 2024 quarter.

Tata Motors Dividend History: Tata Motors has already declared 16 dividends since July 3, 2002. In last 12 months, the auto giant declared an equity dividend amounting to Rs 2.00 per share. At the current share price of Rs 963.20 per share is taken into perspective, Tata Motors offers a dividend yield of 0.21%.

Tata Motors Stock Split History: Tata Motors split the face value of its shares once since September 12, 2011. Tata Motors last split the face value of its shares from Rs 10 to Rs 2 in 2011.The share traded ex-split from September 12, 2011, according to Trendlyne.

Disclaimer: The stock has been picked from the brokerage report of, Sharekhan, and Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.