Weekly Tactical Pick: Tata Motors
Tata Motors stock offers decent upside potential
July 16, 2021 / 09:39 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
We have identified Tata Motors (CMP: Rs 310; Market cap: Rs 110,136 crore, Nifty: 15,924) as this week’s tactical pick. TaMo’s share price has now fallen 13.5 per cent from its high attained on July 6, 2021. The correction provides a good opportunity for investors to board this strong business.
The correction in the stock price was triggered by JLR’s quarterly update for Q1 FY22, where it mentioned that though wholesale demand, excluding the China JV, was up 72.6 per...