Reduce Tata Motors, target price Rs 415: HDFC Securities

Securities has reduce call on with a target price of Rs 415. The current market price of . is Rs 441.15. Time period given by analyst is one year 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 147465.11 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 30-06-2022, the company reported a Consolidated Total Income of Rs 72822.02 Crore, down -8.22 % from last quarter Total Income of Rs 79341.61 Crore and up 8.71 % from last year same quarter Total Income of Rs 66988.05 Crore. Company reported net profit after tax of Rs -4987.01 Crore in latest quarter.

Investment Rationale
The brokerage sees multiple headwinds ahead for JLR, given the recessionary concerns in its key markets like the US and Europe and slowdown in China, apart from unabated supply constraints. Maintain REDUCE, with a revised TP of INR415/sh (up from INR 398/sh) as it rolls forward to June2024 earnings.


Promoter/FII Holdings
Promoters held 46.4 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.71 per cent, DIIs 15.18 per cent.

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