It has maintained its ‘Buy’ rating on the stock with target price of ₹400 per share. ICICI Securities said that Tata Motors’ Q1FY22 operational performance was in line with consensus estimates with consolidated EBITDA margin at 7.9%. The brokerage has a Buy stance on the auto stock with ₹513 target price.
Is Tata Motors stock undervalued?
The sharp fall in the price of Tata Motors has been quite paradoxical because most analysts continue to believe that the stock has value in it. There is almost a unanimous view that Tata Motors is undervalued.
Will Tata Motors bounce back?
Tata Motors, one of the country’s largest automakers, has said that it expects a strong bounce back in passenger vehicle demand over the year, even as the first quarter of this financial year will be adversely impacted due to a variety of factors.
Why is Tata Motors undervalued?
The company has delivered poor growth of 9.31% over the past five years. Company has a low return on equity of 12.81% for last 3 years. The interest coverage ratio measures how many times over a company could pay its outstanding debts using its earnings. The figure is quite low for this company.
Is Ashok Leyland good for long term investment?
Investers can buy Ashok Leyland stocks at around Rs 110 for the target of RS 150 in the short -term Time horizon. “However, for the long- term time horizon, Avinash Gorakdhkar said that Ashok Leyland is expected to go up to RS 220 and that means one can buy the counter for almost 100 percent gains.
Which stock is best to buy today?
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- Coal India (₹154.60): Buy.
- Blue Dart Express (₹6,380.5): Buy.
- Mphasis Limited (₹2,976.4): Buy.
- Bharat Electronics (₹195.4): Buy.
- Delta Corp (₹208.9): Buy.
Is Tata Motors debt free?
Tata Motors reaffirms plan to turn debt-free by FY24 despite negative impact of Covid. Tata Motors Ltd, the country’s largest automaker by revenue, will stick to its plan to turn debt-free by FY24 despite its businesses being adversely impacted by the pandemic, chairman Natarajan Chandrasekaran said on Friday.
Is Tata Motors a good buy for long term?
According to many investors, Tata Motors is expected to get momentum. Investors are recommended to buy this stock for a long-term target of up to Rs 450. One can buy this Rakesh Jhunjhunwala share holding company stock at the current market price for a 6 to 9-month target of Rs 450.