Tata Motors Limited saw a fluctuation in share prices following the release of its second-quarter results. Despite this drop, market experts suggest that there will be no long-term negative impact on the stock.
Sharekhan’s Bullish Outlook
Sharekhan brokerage has issued a BUY rating for Tata Motors, setting a target price of Rs 1,099. This prediction indicates a potential upside of 36% from the current price, fueled by strong EBITDA performance in the commercial vehicle segment, despite the recent disappointing quarterly results.
K R Choksey’s Analysis
K R Choksey Research also maintains a BUY rating, with a revised target price of Rs 989. This adjustment marks a decrease from their previous target of Rs 1,156, reflecting ongoing market challenges.
Long-term Performance
Over the last six months, Tata Motors shares have declined by 18.23%, and by 20.70% over the past year. However, the stock has appreciated by an impressive 367.81% over the last five years, although it has seen a slight decline of 0.27% since the start of the year.
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News in Hindi | Tata Motors Share Price 13 November 2024 Hindi News.
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Summary at glance
Shares of Tata Motors Limited rose after the release of second-quarter results, despite a 2.48% drop to Rs 784.75 on October 12. Sharekhan brokerage issued a BUY rating with a target of Rs 1,099, suggesting a potential 36% increase. Similarly, K R Choksey Research set a target of Rs 989. Although the stock has declined 18.23% over six months and 20.70% annually, it has provided multibagger returns of 367.81% over five years.
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