|
07 Sep 2025 |
Tata Motors
|
Consensus Share Price Target
|
691.70 |
754.48 |
- |
9.08 |
hold
|
|
|
|
|
08 Aug 2023
|
Tata Motors
|
Geojit BNP Paribas
|
691.70
|
737.00
|
607.30
(13.90%)
|
Target met |
Buy
|
|
|
|
|
28 Jul 2023
|
Tata Motors
|
ICICI Direct
|
691.70
|
810.00
|
635.30
(8.88%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
SMC online
|
691.70
|
|
641.10
(7.89%)
|
|
Results Update
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
Axis Direct
|
691.70
|
|
641.10
(7.89%)
|
|
Not Rated
|
|
|
TATA Motors Captital Reduction Offer: Special Situation Alpha
|
|
26 Jul 2023
|
Tata Motors
|
Prabhudas Lilladhar
|
691.70
|
760.00
|
641.10
(7.89%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
Axis Direct
|
691.70
|
|
641.10
(7.89%)
|
|
Not Rated
|
|
|
Tata Motors Ltd: Cancellation of A' ORD shares: Value-Accretive for Shareholders & Company
|
|
26 Jul 2023
|
Tata Motors
|
Motilal Oswal
|
691.70
|
750.00
|
641.10
(7.89%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
ICICI Securities Limited
|
691.70
|
699.00
|
639.45
(8.17%)
|
Target met |
Accumulate
|
|
|
Tata Motors (TTMT) reported yet another strong quarter with JLR EBITDAM touching a 30-quarter high of 16.3%, 220bps higher than our estimate, driven by extremely rich model mix as Defender + RR + RRS accounted for ~63% of wholesales. With retails at 93k units vs wholesales at ~102k units, fixed cost got distributed into higher number of units sold, thus pushing up margin by ~110bps, which would likely be reversed in the subsequent quarter.
|
|
10 Jul 2023
|
Tata Motors
|
Sharekhan
|
691.70
|
720.00
|
621.45
(11.30%)
|
Target met |
Buy
|
|
|
|
|
15 Jun 2023
|
Tata Motors
|
ICICI Securities Limited
|
691.70
|
620.00
|
570.30
(21.29%)
|
Target met |
Accumulate
|
|
|
We attended the recent investor meet of Tata Motors (TTMT) and came back with the following key takeaways: 1) Management expects FY24 M&HCV growth to be single- digited and will endeavour for margin improvement through reduction in discounts. Freight rate discipline is intact and demand is expected to improve post monsoon.
|