All the 3 businesses of Tata Motors globally are witnessing healthy recovery. At the same time, the company’s business in India is already returning to the track of profit. All this will be helpful in giving a boost to the stock. Expected Target price of Rs 550 on Tata Motors shares.
Currently Tata Motors share price is at Rs.485 level. The stock has gained up to 1 percent as compared to a day earlier. The 52 week high of the stock is Rs 494.50. This level was reached on 17 August 2022. However, the stock has not given double digit returns to the investors in the last one year. The returns were 7.35 per cent over a period of one year. On the other hand, talking about the second and third years, the investors have 25 percent and 85 percent respectively.
Tata Motors’ March quarter results may be released on May 12. In the December quarter of the last financial year, the company had a consolidated net profit of Rs 3043 crore. The company was in loss during the same period a year ago.
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