|
07 Oct 2025 |
Tata Motors
|
Consensus Share Price Target
|
712.65 |
766.85 |
- |
7.61 |
hold
|
|
|
|
|
28 Jul 2023
|
Tata Motors
|
ICICI Direct
|
712.65
|
810.00
|
635.30
(12.18%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
SMC online
|
712.65
|
|
641.10
(11.16%)
|
|
Results Update
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
Axis Direct
|
712.65
|
|
641.10
(11.16%)
|
|
Not Rated
|
|
|
Tata Motors Ltd: Cancellation of A' ORD shares: Value-Accretive for Shareholders & Company
|
|
26 Jul 2023
|
Tata Motors
|
Axis Direct
|
712.65
|
|
641.10
(11.16%)
|
|
Not Rated
|
|
|
TATA Motors Captital Reduction Offer: Special Situation Alpha
|
|
26 Jul 2023
|
Tata Motors
|
ICICI Securities Limited
|
712.65
|
699.00
|
639.45
(11.45%)
|
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.
|
|
26 Jul 2023
|
Tata Motors
|
Motilal Oswal
|
712.65
|
750.00
|
641.10
(11.16%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Tata Motors
|
Prabhudas Lilladhar
|
712.65
|
760.00
|
641.10
(11.16%)
|
Target met |
Buy
|
|
|
|
|
10 Jul 2023
|
Tata Motors
|
Sharekhan
|
712.65
|
720.00
|
621.45
(14.68%)
|
Target met |
Buy
|
|
|
|
|
15 Jun 2023
|
Tata Motors
|
ICICI Securities Limited
|
712.65
|
620.00
|
570.30
(24.96%)
|
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.
|
|
08 Jun 2023
|
Tata Motors
|
Prabhudas Lilladhar
|
712.65
|
605.00
|
559.70
(27.33%)
|
Target met |
Buy
|
|
|
|