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Key Metrics:
- Last Traded Price: ₹971.1
- Market Capitalization: ₹3,47,945.62 Cr
- Volume: 21,65,2526 shares
- Price-to-Earnings Ratio: 16.99
- Earnings per Share: ₹48.49
Tata Motors shares have experienced a significant 7.13% decline in the current price today. Despite its strong performance in the fourth quarter, the stock faced downgrades from brokerages such as Goldman Sachs, Morgan Stanley, and Nomura. The company’s Q4 results led to mixed opinions from experts, with some downgrading the stock while others remained cautiously optimistic about its future prospects.
Brokerage Views:
- Nomura: Downgraded Tata Motors to ‘neutral’ from ‘buy,’ highlighting potential demand risks for Jaguar Land Rover (JLR) and a likely moderation in commercial vehicle growth. However, they raised the target price to ₹1,141.
- Morgan Stanley: Downgraded Tata Motors to ‘equal weight’ from ‘overweight’ but increased the target price to ₹1,100, citing strong electric vehicle (EV) uptake as a key upside risk in FY25.
- Citi: Suspended its rating on Tata Motors due to the company’s weak FY25 forecast.
- Motilal Oswal: Lowered EPS estimates for FY25/FY26, maintaining a ‘neutral’ rating with a reduced target price of ₹955.
- Kotak Equities: Retained an ‘add’ rating, projecting healthy performance driven by JLR’s steady business, market share gains, and a strong balance sheet.
In summary, whether to hold or sell Tata Motors shares ultimately depends on your risk tolerance and investment strategy. Keep an eye on the stock’s performance and expert opinions to make informed decisions.
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