These shares of Tata Group will have strong earnings, brokerage brokerage after the results; Rakesh Jhunjhunwala also has a choice

Tata Group Stocks: Following the December quarter results, some stocks are looking good from an investment standpoint. If you want to include any quality stock in your portfolio, you can bet on shares of Tata Motors, a company of Tata Group. Following the results of the December quarter, brokerage houses advised to invest in the stock and also revised the target. Brokerage says the company’s performance in the December quarter was mixed. Market veteran Rakesh Jhunjhunwala’s portfolio also includes Tata Motors.

What is the opinion of the brokers?

Regarding Tata Motors’ results, brokerage firm Jefferies said the company’s growth outlook is expected to be better. Brokers have suggested buying Tata Motors. Also, the target price per share has been increased from Rs 625 to Rs 635.
At the same time, Motilal Oswal said that the company’s performance in the October-December quarter of 2021 was mixed. Jaguar Land Rover (JLR) is improving performance due to strong demand. Commodity price stability and good demand are positive for Indian business. However, brokerage FY23E EPS fell 10 percent. The stock has a target price of Rs 600 with a ‘Buy’ rating. Chip deficiencies can affect short-term feelings.

Tata Motors: Expect 25% return ahead

Tata Motors was priced at Rs 509 during the February 2 session. In this way, investors can get a return that is about 25 percent stronger than the current price. Looking at last year’s earnings per share, investors have made a profit of more than 56 percent. Whereas, the stock has jumped more than 70 percent in the last 6 months.

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What were the Q3 results?

In the December 2021 quarter, Tata Motors posted a combined loss of Rs 1,451.05 crore. The company had posted a net profit of Rs 2,941 crore in the same quarter a year ago. The company’s consolidated revenue fell 4.5 per cent to Rs 72,229 crore in October-December 2021 from Rs 75,653 crore in the December quarter of 2020. The company’s losses have decreased compared to the September quarter of 2021. The company had a net loss of Rs 4,415 crore in the September quarter.

Tata Motors: Jhunjhunwala’s confidence is strong

According to Tata Motors’ shareholding pattern for the December 2021 (Q3FY22) quarter found on the BSE website, Rakesh Jhunjhunwala has increased his stake in Tata Motors from 1.11 per cent (3,67,50,000 equity shares) to 1.18,32 per cent to 50,000 equity shares). It has invested in the personal power of Rakesh Jhunjhunwala. Thus, Jhunjhunwala bought 2.5 million new shares of Tata Motors in the December quarter. The holding value as on February 2, 2022 was Rs. 1,996.8 crore.

(Disclaimer: Investing in stocks is advised by a brokerage house. This is not a G-Business opinion. Please consult your advisor before investing.)