Buy Tata Motors; target of Rs 516: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on Tata Motors

Consolidated Q2FY23 results were a mixed bag, with top-line ahead of expectations, while PAT below expectations. Overall performance and FCF are expected to improve gradually, driven by a positive business outlook, new launches, easing chips shortage situation, cooling commodity prices, and favourable macro-economic outlook. Management maintained its long-term targets with a caution on inflation and geopolitical situations. TAMO’s focus on EVs continues to grow multifold in Q2FY23; electric CVs are getting ready for the next leg of growth.

Outlook

We maintain Buy with an unchanged PT of Rs. 516, driven by expected recovery in volumes and operational improvement across its business verticals and geographies in H2FY23E.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Tata Motors - 10 -11-2022 - khan