Rakesh Jhunjhunwala Portfolio Stock market experts are bullish on the auto stock post its turn in FY23, expecting Tata Motors to do well in the domestic and international markets. Their confidence was further boosted after the carmaker recorded its highest ever monthly sales of 45,197 units of passenger vehicles in June 2022. He believes this stock of Rakesh Jhunjhunwala is available at a discounted price today as Tata Motors shares are down 1.50 per cent since March while Nifty Auto index is up 16 per cent in the period. Experts believe that Tata Motors can register better earnings in the second half of the year 2022.
Tata Motors Shares: What do the fundamentals suggest?
Speaking on the reasons behind the rally in Tata Motors shares, Sonam Srivastava, Founder, SEBI registered investment advisory company Right Research said, “Tata Motors, which had outperformed Nifty Auto Index last year, is lagging behind. Nifty Auto is up 16 per cent in months from March, Tata Motors is down 1.5 per cent in the period Per Chairman N. Chandrasekaran. The rationale is that semiconductor shortages will ease in the second half, and commodity inflation will calm down to boost stocks.”
Uncovering strong fundamentals that can fuel share price of tata motorsPuneet Patni, Equity Research Analyst, Swastik Investmart said, “Tata Motors Limited is one of the biggest beneficiaries of ICE for the EV transition due to its first mover advantage and synergistic advantages over other group companies. The change has been followed by management change and its phenomenal product offerings have seen an increase in market share.The company has been able to capitalize on the trend of increasing customer preference and awareness towards safety and build quality.The new offerings have received good reviews. Another point to note is that bridging the semiconductor gap bodes well for the JLR and EV segments.”
Share Market The expert at Swastika Investmart further said that Tata Motors is poised to perform well in both the Indian and global markets and the free cash flow of the company will help the company achieve its targets.
Tata Motors June 2022 sales
Puneet Patni said, “June 2022 numbers have been very positive and the carmaker has registered its highest ever monthly sales with 45,197 passenger vehicles sold last month. Thus, we remain positive about the company for the long term horizon. remain.” ,
Tata Motors Share Price Target
Anuj Gupta, Vice President, IIFL Securities, while speaking on Tata Motors share price target for short term said, “Tata Motors shares are in an uptrend on the chart pattern. It has strong support 380 On Each Level While It Is Facing Obstacles 460 per share level. Once it breaks this upper barrier, the Tata Group stock could see some sharp upside.”
Rakesh Jhunjhunwala stake in Tata Motors
As per the shareholding pattern of Tata Motors for the January to March 2022 quarter, Big Bull Rakesh Jhunjhunwala holds 3,92,50,000 shares or 1.18 per cent stake in the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.