Tata Motors Share Price Target & Q1 Results Preview By Researchers

Tata groups major auto company Tata Motors is going to declare its Q1 results today, check share price target & performance preview over here.

Tata Motors Share Price: On 1st 01 Aug 2024, Tata Motors stock price went up by 1.04 %. The stock is currently trading at 1168.35 per share. The stock closed at 1156.35 per share. To know more on Tata Motors Stock performance so far, share price target & what can you expect from Tata group’s major company’s Q1 results, read more over here.

Tata Motors Q1 Results Expectations

Tata Motors will release its Q1 results on Thursday (August 1, 2024). Zee Business research desk estimates the company to post a good quarter with profit expected to soar 57 per cent on-year to Rs 5,035 crore. 

According to Zee Business research team, the adjusted EBITDA is expected to inch higher by 11.2 percent on-year to Rs 15,075 crore. In the same period, last year the company’s adjusted EBITDA was at Rs 13,559 crore. The research team expected adjusted margin to come in at 13.7 per cent, registering a 40 bps surge on-year. In the same quarter last year, the company posted a margin of 13.3 per cent. The growth in the margin is expected on the back of commodity tailwinds.

Forex loss to the tune of Rs 342 crore has been adjusted in the EBITDA. Further, in the previous March quarter, the company posted an exceptional loss of Rs 677 crore.

The company’s CV and PV segments are expected to see growth in the EBIT margin during the reporting quarter. Nevertheless, the company’s JLT segment is likely to see a contraction in EBIT margin and come in at 15.4 per cent on the back of unfavourable mix.

Tata Motors Stock Performance

Tata Motors stock opened at ₹1168.8 and closed at ₹1162.25 on the last day of trading. The stock reached a high of ₹1168.8 and a low of ₹1145.8. The market capitalization was ₹443,247.56 crore. The 52-week high was at ₹1179.05 and the 52-week low was at ₹591.67. The BSE volume for the day was 831,593 shares traded.

Tata Motors Share Price Target

Nomura had upgraded the Tata Motor stock rating to buy from neutral and raised the share target price to Rs 1,294, suggesting an upside of over 11 per cent. The various rationales given by the brokerage is that the company’s stock is expected to rise due to strong execution of JLR’s order book.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)