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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.

Updated: Mar 25, 2019, 08.54 AM IST
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Jay Thakkar of Anand Rathi has a sell call on Tata Motors Ltd. with a target price of Rs 168. The current market price of Tata Motors Ltd. is Rs 175.4 Time period given by the analyst is Intra Day when Tata Motors Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 179. Tata Motors Ltd., incorporated in 1945, is a largecap company with a market cap of Rs 50644.10 crore.

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.
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