Shares of Tata Group will make money, brokerage house has become bullish, rating has risen, check new target price

Tata Group stocks: Russia-Ukraine tensions have led to volatile markets. However, there are already some selected stocks that are generating income opportunities. The shares of Tata Group are under special scrutiny. Shares of Tata Motors, an automobile company of the Tata Group, have good earnings opportunities. Tata Motors has a large share in the portfolio of market veteran and ‘Big Bull’ Rakesh Jhunjhunwala. Now brokerage firm JP Morgan is also bullish on the stock. Brokers have raised the rating of shares. Besides, new targets have also been given.

Tata Motors in focus

There is a lot of good news in the stock of Tata Motors. The outlook is strong and the feeling is in favor of the company. That’s why brokerage firm JPMorgan is betting on it. In fact, JLR, a subsidiary of Tata Motors, has entered into an agreement with NVIDIA. The agreement was signed to provide customers with next-generation automated driving systems and AI-enabled service in vehicles. Features include safety, automatic driving and parking, driver and occupant monitoring. Audi, Mercedes, Volkswagen and Volvo have partnerships with NVIDIA. It is now being discussed that from 2025 JLR cars will be built on the NVIDIA platform.

Commentary by JLR

The company has announced that it aims to electrify the entire JLR portfolio by 2025. In the next 5 years, 8 electric variants of Land Rover will be launched. Tata Motors will directly benefit from this. This is why many brokerage firms are bullish on stocks. Recently, Motilal Oswal also offered to buy the stock. Motilal Oswal has given ‘BUY’ (BUY on Tata Motors) rating to Tata Motors with a target price of Rs.600.

Watch G Business dgmartpro.com Live TV here

JP Morgan at Tata Motors (CMP: 499)

JP Morgan has revised the stock rating of Tata Motors. The stock is rated as overweight. At the same time, the target price has been kept at Rs 630. Looking at current prices, an increase of about 30 percent is expected. JP Morgan expects that once the target breakout of Rs 630 is reached, the stock can be targeted at Rs 783. That means an uptrend of about 57% from the current price is visible. The company could become the leader in the Indian passenger car market on the basis of electric vehicles. At the same time, in the medium term, it can meet its goals through JLR.

The company’s plan is to increase the share

JPMorgan believes the company could be debt-free by FY24. At present, the company has a debt of Rs 604 billion. The company will reduce costs as well as improve investment in JLR. At the same time, there are plans to increase its share of passenger cars in the Indian market. Many new models may be launched at this time. There are also plans to strengthen the commercial vehicle division. That’s why the stock may show a good breakout in the coming days.