Tata Motors shares surge to 4%: Check out to buy or sell

New Delhi: The Indian automotive manufacturing company, Tata Motors, has witnessed a share increase of over 4 percent after it released Q4 earnings of FY23. The company shared its combined profit for the March quarter at Rs. 5,408 crore. At 10 am today, the JRD Tata owned company recorded its NSE share price at Rs. 533.40. With the increasing domestic demand and pricing variation, the company is experiencing a bullish atmosphere.

In the fourth quarter of FY2022, Tata Motors recorded a loss of Rs 1,032 crore against a net profit of Rs 5,407.8 crore in the same quarter. On the other hand, it registered a 35 percent year on year combined revenue of Rs 105,932 crore in the quarter ended March 31, 2023. Looking at Tata Motors’s net revenue in FY2021, it was reported at Rs 2497.94 billion whereas in FY2022, it was recorded at Rs 2784.54 billion, according to the data by Statista.

Believing the reports, investors have stated their analysis. Tata Motors is still a “Buy” for Jefferies, with a price objective of Rs 665. The Indian business accounts for 65 percent of the goal price. It anticipates good performance from the JLR and India operations in FY24, which will lead to deleveraging and strong earnings growth.

Meanwhile, in view of steady earnings of the Indian auto major, Kotak Institutional Equities called an ‘add’ for Tata Motors shares. On the other hand, Emkay recommended a ‘buy’. The operating leverage, softer commodity prices, and fewer discounts indeed helped Q4 results. The financial company Nuvama also analyzed a ‘buy’ at a price target of Rs 620.

Evidently, Tata Motors is on a spree of challenging companies who are trying to pullback the recognized company. Analyzing the one year graph, Tata has always marked an uptick in its share prices, resulting in continuous success.