Jefferies Raises Tata Motors’ Target, Sees 24-40% Upside In Stock

Jefferies Raises Tata Motors’ Target, Sees 24-40% Upside In Stock

 © Provided by The Economic Times Jefferies has raised the target price on Tata Motors to Rs 700 from Rs 665, estimating a 24% upside in the base case scenario. Meanwhile, Jefferies sees a maximum upside of 40%, with a price target of Rs 790 per share. The price target of Rs 700 is based on 11X FY25E EV/EBITDA for India CVs, 10X FY25E EV/EBITDA for India PVs, 2.3X FY25E EV/EBITDA for JLR and 50% discount to transaction value in stake sale to TPG for India EVs. Tata Motors vowed to focus on EVs while achieving strong profitability and cash flows during its ‘Investor Day’ meeting.

Tata Motors Sees Uptick In Stock Price

Tata Motors' stock opened today at ₹566.2 and closed at ₹562.2. The high of the day was ₹568.85 and the low was ₹560.8. The company's market capitalization stands at ₹215,896.73 crore. The 52-week high for the stock is ₹576.5 and the 52-week low is ₹375.5. A total of 333,405 shares were traded on the Bombay Stock Exchange (BSE).

This is an AI-generated live blog and has not been edited by LiveMint staff.

13 Jun 2023, 03:22:07 PM IST Tata Motors trading at ₹562.4, down -0.23% from yesterday's ₹563.7

As of the current data, Tata Motors' stock price is ₹562.4 with a percent change of -0.23 and a net change of -1.3. This means that the stock has decreased slightly in value, but not significantly. Investors should continue to monitor the stock's performance to determine any potential trends or changes in value.

13 Jun 2023, 03:02:07 PM IST Tata Motors trading at ₹562.9, down -0.14% from yesterday's ₹563.7

Tata Motors stock currently has a price of ₹562.9, which represents a decrease in its value of 0.14%. The net change in the stock's value is -0.8.

13 Jun 2023, 02:48:55 PM IST Tata Motors trading at ₹563.2, down -0.09% from yesterday's ₹563.7

As of the latest data, Tata Motors' stock price stands at ₹563.2 with a net change of -0.5 and a percent change of -0.09. This indicates a slight dip in the stock price compared to its previous trading session. Investors may want to monitor the stock closely to see if the dip is temporary or a trend that could affect their investment decisions.

Click here for Tata Motors Key Metrics

13 Jun 2023, 02:32:40 PM IST Tata Motors trading at ₹563.6, down -0.02% from yesterday's ₹563.7

Tata Motors' stock price is currently at ₹563.6 with a percent change of -0.02 and a net change of -0.1. This means that the stock price has slightly decreased by 0.02% and decreased by ₹0.1 in value. It is important to note that this data is current, and the stock price and changes can fluctuate throughout the day.

13 Jun 2023, 02:21:18 PM IST Tata Motors trading at ₹563.75, up 0.01% from yesterday's ₹563.7

As of the current data, Tata Motors stock is priced at ₹563.75 with a net change of 0.05 and a percent change of 0.01. This indicates a marginal increase in the stock price. However, without further historical data or market analysis, it is difficult to determine the overall performance and potential of the stock.

13 Jun 2023, 02:00:09 PM IST Tata Motors trading at ₹562.1, down -0.28% from yesterday's ₹563.7

As of the current data, the stock price of Tata Motors is ₹562.1, which has decreased by 0.28% from the previous trading day. This corresponds to a net change of -1.6. Overall, the stock price of Tata Motors appears to have experienced a slight decline.

13 Jun 2023, 01:47:51 PM IST Tata Motors trading at ₹563, down -0.12% from yesterday's ₹563.7

Tata Motors' stock is currently priced at ₹563 with a net change of -0.7 and a percent change of -0.12. This indicates a slight decrease in the stock's value.

Click here for Tata Motors Board Meetings

13 Jun 2023, 01:40:24 PM IST Tata Motors trading at ₹562.25, down -0.26% from yesterday's ₹563.7

As of the current data, Tata Motors stock is priced at ₹562.25 with a net change of -1.45 and a percent change of -0.26. This indicates a slight decrease in the stock price.

13 Jun 2023, 01:20:07 PM IST Tata Motors trading at ₹561.85, down -0.33% from yesterday's ₹563.7

As of the current trading session, Tata Motors' stock is priced at ₹561.85, which represents a decrease of 0.33% from the previous session. This translates to a net change of -1.85. It is important to note that these figures may fluctuate throughout the day due to various market conditions and factors.

13 Jun 2023, 01:00:27 PM IST Tata Motors trading at ₹561.6, down -0.37% from yesterday's ₹563.7

As of the current data, Tata Motors stock is priced at ₹561.6 with a negative percent change of -0.37 and a net change of -2.1. This indicates a slight decrease in the stock price compared to its previous value. It is important to note that the stock market is highly volatile and these values are subject to change frequently. It is recommended to keep track of the stock's performance over a period of time to make informed investment decisions.

13 Jun 2023, 12:48:01 PM IST Tata Motors trading at ₹563.2, down -0.09% from yesterday's ₹563.7

As of the latest data, Tata Motors' stock is priced at ₹563.2 with a percent change of -0.09 and a net change of -0.5. This indicates a slight decrease in the stock price, but the change is not significant. It is important to note that stock prices can fluctuate frequently and investors should keep a close eye on the market trends before making any investment decisions.

Click here for Tata Motors AGM

13 Jun 2023, 12:40:48 PM IST Tata Motors Live Updates

Save Up To ₹45,000 On Tata Motors Cars In June: Check Details

Tata Motors is offering some of its vehicles with lucrative discounts for the month of June. Except Nexon and Punch SUVs, all other models from the Tata stable, across petrol, diesel and CNG options, are being offered with benefits ranging from ₹25,000 to ₹45,000. These include consumer scheme and exchange bonus. The offers are applicable till June 30.

By: HT Auto Desk| Updated on: 13 Jun 2023, 14:47 PM

Tata Harrier is being offered with benefits up to ₹25,000 this month.

All petrol variants of Tiago are being offered with maximum discount of ₹30,000 which includes Consumer Scheme of ₹20,000 and Exchange discount of ₹10,000. The CNG variant of the car is being offered with Consumer Scheme of ₹30,000 and Exchange discount of ₹10,000, making it a maximum discount of ₹40,000.

This hatchback comes with the maximum discount of up to ₹45,000 on its CNG version, inclusive of ₹35,000 of Consumer Scheme and ₹10,000 of Exchange discount. Petrol variants come with benefits up to ₹30,000 inclusive of ₹20,000 of Consumer Scheme and ₹10,000 of Exchange Bonus.

Petrol XE and XE+ variants of the premium hatchback come with exchange benefits up to ₹10,000. All other petrol variants and diesel trims of the SUV get maximum discount up to ₹25,000 which includes ₹15,000 of Consumer Scheme benefits and ₹10,000 of Exchange Bonus.

Both these SUVs from Tata Motors get exchange benefits up to ₹25,000 in the month of July.

An additional Exchange Bonus of up to ₹15,000 under National Exchange Campaign is applicable till June 20. This also includes Punch SUV and Nexon petrol models. Further, additional offers that may be applicable in a particular state or city or manufacturing year of the vehicle can be found out at nearest dealerships.

First Published Date: 13 Jun 2023, 14:42 PM IST