Sell Tata Motors, target Rs 168: Jay Thakkar
Sell Tata Motors Ltd. at a price target of Rs 168.0 and a stoploss at Rs 179 from entry point.
Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles which contributed Rs 57868.04 Crore to Sales Value (97.05 % of Total Sales), Other Operating Revenue which contributed Rs 1390.36 Crore to Sales Value (2.33 % of Total Sales), Sale of services which contributed Rs 365.17 Crore to Sales Value (0.61 % of Total Sales) and Income From Financial Services which contributed Rs 1.12 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 76264.69 Crore, up 6.97 % from last quarter Sales of Rs 71292.79 Crore and up 2.84 % from last year same quarter Sales of Rs 74156.07 Crore Company has reported net profit after tax of Rs -26823.22 Crore in latest quarter. The company’s top management includes Dr.Ralf Speth, Mr.Guenter Butschek, Mr.N Chandrasekaran, Mr.Nasser Munjee, Mr.Om Prakash Bhatt, Mr.Ratan N Tata, Mr.Satish Borwankar, Mr.Vinesh Kumar Jairath, Ms.Falguni Nayar, Ms.Hanne Sorensen. Company has BSR & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 2,887,348,694 shares outstanding.