Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

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
ThinkStock Photos
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.

Also Read

Buy ICICI Lombard, price target Rs 1,420: Jay Thakkar

Buy Lupin, price target Rs 835: Jay Thakkar

Buy PVR, price target Rs 1,870: Jay Thakkar

Anand Rathi’s Jay Thakkar is gung ho on these 2 trading picks

Buy Max Financial Services, price target Rs 530: Jay Thakkar

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service