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.
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.