After the Tata Motors announced related to the Range Rover Sport production, brokerage has revised share price target for company.
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Tata Motors Share Price: Tata Group company Tata Motors announced the commencement of the locally-produced Range Rover Sport in the domestic market. According to which, the complete Range Rover portfolio will be made in India.
Shares of Tata Motors opened on 27th August at Rs 1093.05 as compared to yesterday’s closure of Rs 1092.40. At around 9:24 am,TATA Motors shares were traded at Rs 1093.15 apiece, which is higher up by 0.07 per cent.
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Tata Motors Share Price Target 2025
Brokerage firm JPMorgan has continued with an ‘Overweight’ rating on Tata Motors, after the announcement. JPMorgan has given a share price target as Rs 1250. JPMorgan said that the incentives in the United States have moved higher for everyone but Land Rover appears to be in a better position vis-à-vis pre-covid levels. It added that JLR’s operations could face some near-term headwinds due to supply challenges.
Tata Motors Share Price History
According to the NSE, the auto company has a total market cap of Rs 3,63,435.05 crore.Tata Motors shares have given a positive return of 13.68 per cent and 16.60 per cent in the last 3 months and 6 months, Yearly basis, shares of the auto company climbed by 38.16 per cent.
In the past 1 year, 2 years, 3 years, 5 years, and 10 years, shares of TATA Motors climbed by 80.39 per cent, 134.97 per cent, 284.02 per cent, 888.37 per cent, and 115.30 per cent, respectively.
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Tata Motors Dividend Yield
Tata Motors paid a total dividend of Rs 6 (Rs 3 each – Final+Special) with an ex-date and record date on June 11. Last year, the TATA Group stock had announced a dividend of Rs 2 in July. In 2014, and 2016, the Tata Group stock declared dividends of Rs 2 and Re 0.20, respectively.
If compared with the current market price, the dividend yield of Tata Motors is less than 1 per cent. At the current market price, the dividend yield of Tata Motors is 0.27 per cent.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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