Tata Group Stock: Brokerage firm Motilal Oswal has included Tata Motors in its top research concept. The brokerage recommends buying the stock for a period of more than 1 year.
Tata Motors: Target 600 rupees
Motilal Oswal is betting on Tata Motors in his top research concept. The brokerage has a ‘Buy’ (Buy on Tata Motors) rating with a target price of Rs 600. Earlier, the target was Tk 610. The term of investment by brokerage is more than one year. On 14 February 2022, the share price of Tata Motors was around Rs 475 at the trading session. That way, investors can get a return of about 26 percent per share from the current price. In the last one year, the share price has risen by about 43 percent.
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Rakesh Jhunjhunwala’s favorite stock
Experienced investor Rakesh Jhunjhunwala of Tata Motors of Tata Group has become a favorite stock in the portfolio. According to the December 2021 quarterly shareholding pattern, Rakesh Jhunjhunwala owns Tata Motors 1.2 percent (39,250,000 equity shares). Rakesh Jhunjhunwala has invested in this stock in his personal capacity. Jhunjhunwala bought 2.5 million new shares in Tata Motors in the December quarter. Its value as on 14 February 2022 was Rs 1,884.4 crore. According to Trendline, Rakesh Jhunjhunwala currently has 37 stocks in his portfolio with a total value of over Rs 33,571.3 crore.
(Disclaimer: The investment here is suggested by a brokerage house. This is not a G-Business opinion. Markets are risky. Please consult your experts before investing.)