TATA MOTORS SHARE PRICE 6 JANUARY 2024: 🚗💰
Tata Motors, a part of the Tata Group, is witnessing a strong performance in its share price. On 2nd January 2024, the company’s shares reached a high of ₹804. However, brokerage firm JP Morgan has increased the target price of Tata Motors shares. They have raised the target price from ₹680 to ₹925.
As of Friday, 5th January 2024, Tata Motors shares were trading at ₹790.45, with a decrease of 0.67%. According to JP Morgan, the improvement in the target price is due to the company’s improved margin and free cash flow delivery in Jaguar Land Rover.
Jaguar Land Rover reported a free cash flow of €300 million in the September 2023 quarter. In the fourth trading session of the current week, Tata Motors shares were trading at ₹800, with a 2% increase. The company’s shares opened at ₹797.25 on Thursday’s trading session.
On 6th January 2023, Tata Motors shares were trading at ₹381, which was the lowest level in 52 weeks. The one-year beta of Tata Motors shares stands at 0.2, representing low volatility during this period.
The company’s shares have witnessed a growth of 107% in the past year. Experts from Prabhudas Lilladher firm believe that Tata Motors shares can witness a significant rise after breaking out at ₹735. They have set a target price of ₹820 for the company’s shares.
Experts from IncrEd Equities firm have set a long-term target price of ₹900 for Tata Motors shares. In the September 2023 quarter, Tata Motors reported a net profit of ₹3,764 crore, compared to a net loss of ₹944.61 crore in the same quarter of the previous year.
In the second quarter of the current fiscal year, Tata Motors reported a revenue of ₹1.04 lakh crore, with a growth of 32%. In the same quarter of the previous fiscal year, the company had earned a revenue of ₹78,846 crore.
The operating margin of Tata Motors shares increased from 7.67% in the September 2022 quarter to 13.19% in the September 2023 quarter.
Get ready to ride the growth wave with Tata Motors shares! 📈🚀
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