New Delhi: Tata Motors share price has fallen around 22 per cent in the last six months. However, there is some good news for the existing shareholders and the investors planning to invest in the automobile stock. Global brokerage firm Jefferies has given a Buy rating on Tata Motors stock.
Jefferies has initiated a ‘buy’ rating on Tata Motors saying that the Tata shares are expected to increase by 18 per cent in the coming time. The brokerage house said that this stock can jump 18 per cent from the level of Rs 790. The counter was trading at Rs 783.15 per equity share at noon on January 9, 2025.
Tata Motors share price target: What brokerages said
Jefferies has set a target price of Rs 930 on Tata Motors shares. The brokerage said that we have maintained the buy call on the counter with a price target of Rs 930 (earlier Rs 1000). The brokerage said it is positive on Tata’s product strategy and premiumisation focus.
Meanwhile, domestic brokerage firm Motilal Oswal has given a neutral rating on Tata Motors with a price target of Rs 810. The brokerage house says there was an annual growth of 3 per cent in wholesales (except China JV) (+20% quarter on quarter).
Jaguar sales declined by 54 per cent on an annual basis to 5.6 thousand units, while Land Rover sales increased by 11 per cent on an annual basis. There has been a decline of 1 percent in total sales on an annual basis in the financial year 2025.
In its Q2 Results 2024-25, Tata Motors delivered revenues of Rs 101.5K crore (down 3.5%), while EBITDA was recorded at Rs 11.6K crore (11.4%, down 230bps) and EBIT of Rs 5.6K crore (5.6%, down 190bps) in a challenging external environment.
PBT (bei) for Q2 FY25 was posted at Rs 5.8K crore down Rs 391 crore while Net Profit was Rs 3.5K crore. For H1 FY25, the business reported a strong PBT (bei) of Rs 14.6K crore, an improvement of Rs 2.9K crore over the previous year.
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Tata Motors’ share price has fallen significantly in recent months, but Jefferies has issued a ‘buy’ rating with a target price of Rs 930, forecasting an 18% increase. Motilal Oswal maintains a neutral rating with a lower target. While Q2 results showed decreased revenue and EBITDA, the company’s H1 PBT showed strong improvement. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
