After the fourth quarter results, brokerage houses have mixed trends in Tata motors. In the March quarter, the net profit of the company decreased by 49 percent compared to the previous quarter, but still it was better than the market projections.
In the last quarter of FY 2018-19, Tata Motors recorded a net profit of Rs 1,108.6 crore. The company's revenues have come down heavily and heavier charges have been imposed on its British partner Jaguar Land Rover.
In the March quarter, the company received revenue of Rs 85,676.3 crore, which was Rs 88,966.3 crore in the last quarter. On Tuesday, after the results were announced, the stock fell to 7 per cent, but on Wednesday, it returned 1.6 per cent.
Brokerage firm CLSA has advised Tata Motors to sell with target price of 150 rupees. However, it would be advisable to hold this stock according to Edelweiss's advice. The brokerage has given the target price target of Rs 186.
Motilal Oswal said, "A weak perspective on Indian business seems to shock the JLR hopes of a potential reduction in spending.Finance 2020-21 for India and JLR can prove to be a challenging year, breakage, electric vehicle and trade war. Can also increase instability."
For more information Best Advisory Company in Indore
In the last quarter of FY 2018-19, Tata Motors recorded a net profit of Rs 1,108.6 crore. The company's revenues have come down heavily and heavier charges have been imposed on its British partner Jaguar Land Rover.
In the March quarter, the company received revenue of Rs 85,676.3 crore, which was Rs 88,966.3 crore in the last quarter. On Tuesday, after the results were announced, the stock fell to 7 per cent, but on Wednesday, it returned 1.6 per cent.
Brokerage firm CLSA has advised Tata Motors to sell with target price of 150 rupees. However, it would be advisable to hold this stock according to Edelweiss's advice. The brokerage has given the target price target of Rs 186.
Motilal Oswal said, "A weak perspective on Indian business seems to shock the JLR hopes of a potential reduction in spending.Finance 2020-21 for India and JLR can prove to be a challenging year, breakage, electric vehicle and trade war. Can also increase instability."
For more information Best Advisory Company in Indore
No comments:
Post a Comment