Tata Motors shares have been showing strong recovery in the past few years. The stock after a rough patch of around five years between 2015-2020 has been on a steady upward trajectory. Just this year, the Tata Motors share price has gone up over 60%.
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The Investment: If your grandad had invested ₹10,000 in Tata Motors on November 3, 2003, when shares were trading at ₹61.5 each, he would have purchased about 162 shares. Fast forward to November 3, 2023, with shares now trading at around ₹640-₹650, your initial investment would have been worth around ₹1.05 lakh.
Earnings Overview: Tata Motors’ shares surged 4%, following its September quarter earnings report. The company announced a net profit of ₹3,764 crore, a significant turnaround from the net loss of ₹944 crore reported the same quarter a year ago.
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The company’s revenue stood at ₹1.05 lakh crore, marking a 32% increase from the ₹79,611 crore reported in the year-ago period. The EBITDA for the quarter came in at ₹13,767 crore, substantially rising from ₹5,571 crore in the same quarter the previous year. The EBITDA margin for the quarter was at 13.1%.
| Brokerage | Rating | Target Price (₹) |
|---|---|---|
| CLSA | Buy | ₹803 |
| Jefferies | Buy | ₹800 |
| Morgan Stanley | Overweight | ₹711 |
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Price Action: Tata Motors’ share price was up 2.23% to trade at ₹650.65 in early trade on Friday.
