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Sell Tata Motors, target Rs 165: Manas Jaiswal

Sell Tata Motors Ltd. at a price target of Rs 165.0 and a stoploss at Rs 180 from entry point.

ETMarkets.com|
Updated: Oct 22, 2018, 08.56 AM IST
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Manas Jaiswal of manasjaiswal.com has a sell call on Tata Motors Ltd. with a target price of Rs 165. The current market price of Tata Motors Ltd. is Rs 174.8. Time period given by the analyst is Intra Day when Tata Motors Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 180 . Tata Motors Ltd., incorporated in 1945, is a midcap company with a market cap of Rs 8888.62 crore.

Tata Motors Ltd. key Products/Revenue Segments include Vehicle Mounting which contributed Rs 48018.52 Crore to Sales Value (97.79 % of Total Sales), Other Operating Revenue which contributed Rs 711.92 Crore to Sales Value (1.44 % of Total Sales), Sale of services which contributed Rs 368.03 Crore to Sales Value (0.74 % of Total Sales) and Income from Vehicle Financing which contributed Rs 1.94 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 65956.78 Crore, down -27.74 % from last quarter Sales of Rs 91279.09 Crore and up 12.76 % from last year same quarter Sales of Rs 58493.37 Crore Company has reported net profit after tax of Rs -2168.60 Crore in latest quarter. The company’s top management includes Dr.Ralf Speth, Mr.Guenter Butschek, Mr.N Chandrasekaran, Mr.N Munjee, Mr.Om Prakash Bhatt, Mr.Ratan N Tata, Mr.Satish Borwankar, Mr.V K Jairath, Ms.Falguni Nayar, Ms.Hanne Birgitte Sorensen. Company has BSR & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 508,502,371 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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