According to the latest shareholding pattern of Tata Motors available on the BSE, Rakesh Jhunjhunwala owns 39,250,000 equity shares, or around 1.2 percent of the company.
Rakesh Jhunjhunwala Stocks: Brokerages report a 29% increase in Tata Motors shares in Q4 due to the company's strong performance in India.
One of billionaire investor Rakesh Jhunjhunwala's favourite stocks, Tata Motors, has the potential to expand by up to 29%, according to numerous brokerages, following in-line/healthy March quarter results for the fiscal year 2021-22.
According to the latest shareholding pattern of Tata Motors available on the BSE, Rakesh Jhunjhunwala, commonly known as the Big Bull of the Indian stock market, owns 39,250,000 equity shares, or around 1.2 percent of the firm.
"Tata Motors' Q4 earnings were an operational beat, and Jaguar Land Rover's results were in line, with certain internals surprising positively, such as a decrease in net car debt. According to YES Securities, several variables may moderate in the near-term as 1QFY23 to experience a dual impact of persistent chip shortages.
Given its strong India franchise and early leadership in EVs in India, the company remains YES Securities' top recommendation. Additionally, its standalone business is in a good situation, powered by healthy cyclical recovery both in PV and CV, and a favourable product cycle to help drive JLR outperformance.
According to YES Securities, the recent drop in prices makes Tata Motors an even more appealing OEM investment. It kept its Buy recommendation on the stock and set a target price of Rs 520 per share, implying a 29 percent gain from Friday's close.
According to Motilal Oswal's Q4 earnings analysis, the car major could see a gradual recovery as supply-side concerns ease and commodities headwinds moderate (for the India division).
In both JLR and the India business, the company will benefit from a macro rebound, company-specific volume and margin drivers, and a strong rise in free cash flow and leverage, according to the company.
The stock trades at 13.4x FY24E consolidate P/E and 3.2x EV/EBITDA ratio, according to Motilal Oswal, with a target price of Rs 485 per share (20% upside).
According to Edelweiss Research, Tata Motors' India business compensated for the JLR miss. It went on to say that rising commodity prices (and a decreased hedging ratio) are another cause for concern.
The firm maintained a Buy attitude with a target price of Rs 485 per share, implying a 20% upside in the share price, taking into account the mid-cycle stage of CVs and macro headwinds.
Also Read : Today's Stock Market Crash Updates: The Sensex ,the Nifty50 , and HDFC Bank and Bajaj Finance all-time lows
If you have any doubts, Please let me know