Updated May 25, 2024 | 07:50 PM IST
Recently, Tata Motors Group in the post quarter earnings conference announced hiking its investment budget for Tata Motors and Jaguar Land Rover around Rs 5,000 crore from the preceding fiscal year. In past one month, the stock of Tata Motors tank around -3.86%. Despite the slump, Kotak Institutional Equities has remained positive for Tata Motors stocks in its latest report.
Tata Motors share price target 2024.
Stocks of Tata Motors have decline around -3.86% after nearing 52-week high in the past one month. The stocks have remained volatile during the period. The scrip settled at Rs 960.75 apiece, Friday, May 25, against the previous day close at Rs 962.05 apiece on BSE.
Despite the slump, Kotak Institutional Equities has remained positive for Tata Motors stocks in its latest report.
Recently, Tata Motors Group in the post quarter earnings conference announced hiking its investment budget for Tata Motors and Jaguar Land Rover around Rs 5,000 crore from the preceding fiscal year. The Tata Motors Group is expected to invest around Rs 43,000 crore in FY25 for development of new products and research, with major portion absorbing by JLR.
Tata Motors demerger
Earlier, Tata Motors announced its plan to demerge its commercial and passenger vehicle businesses into two separate listed entities. The Company said the process would take 12-15 months after that for the necessary approvals.
Tata Motors share price target 2024
Kotak Institutional Equities in its May 24 report has recommended ‘add’ of Tata Motors stocks at the current market price of Rs 962 apiece. The brokerage firm remains bullish on the Tata group stock and sets the target price at Rs 1,100 apiece with an upside of 14%.
Tata Motors market cap
Tata Motors is the one of the flagship companies of Tata Group. The Company boasts a market cap of Rs 3.19 lakh crore as per BSE analysis. The stock has a face value of Rs 2 each.
Tata Motors Q4 2024 results
Tata Motors’ revenue in Q4 Fy24 stood at Rs 20,260 crore against Rs 18,668 crore in Q3 Fy24. The net profit of the Company slumped QoQ at Rs 2,126 crore in Q4 Fy24 against Rs 4570 crore in Q3 Fy24.
Tata Motors dividend history
Tata Motors has declared last dividend of Rs 2 per share in August 2023. Before that, it announced the divided back then in 2016 of Rs 0.20 per share.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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