Rakesh Jhunjhunwala Portfolio After the start of the new year 2022, the share price of Tata Motors remains under consolidation this year. However, the shares of the flagship company of the Tata group have started moving upwards after closing on 372.30 each level on NSE as on 12th May 2022. Tata Motors share price is around today 445 More Market experts are expecting this consolidation phase of Tata Motors shares to end soon. He said that the stock of Rakesh Jhunjhunwala may go up 480 level in the short term.
speaking on fundamentals that augurs well for Rakesh Jhunjhunwala Portfolio StocksSantosh Meena, Head of Research, Swastika Investmart Ltd. said, “Tata Motors Ltd. is one of the biggest beneficiaries of the ICE to EV transition due to its first mover advantage and synergistic advantages over other group companies. The company in Q4 saw strong demand for PV and Indian markets witnessed a correction in FY22 results on the back of recovery in CV business. However, due to the lockdown and risk of recession in China, JLR is witnessing near-term pressure.”
expected to hinder share price of tata motors Rallying to become a passive one in the long term, Santosh Meena of Swastika Investmart said, “Semiconductor shortages and cost inflation are a hindrance to achieving full results. Nevertheless, these headwinds will subside in the medium term, with the company performing well. Ready for both Indian and Global markets and the free cash flow of the company will help the company achieve its target.May 2022 numbers have been very positive and monthly domestic PV and EV sales are the highest since the company’s inception Thus, we remain positive about the company for the long term.”
On Tata Motors share price chart pattern, Sumeet Bagadiya, Executive Director, Choice Broking said, “Tata Motors shares have trended from ‘sideways down’ to upwards and the stock bounces sharply after giving a close up. can give. 470 to 480 levels. In the current pattern, this share of Tata Group is trading in the range of from 390 480 range. Those having this stock in their portfolio are advised to keep the stock with stop loss 390 while new investors can buy Tata Motors shares around maintain stop loss at 325 390 each level.”
Sumeet Bagdia of Choice Broking said any fall in the Tata Group stock should be seen as a buying opportunity as long as the stock is trading in the range of Rs. from 390 480 levels.
Tata Motors May 2022 sales
In May 2022, Tata Motors reported 204 percent YoY (YoY) growth in total domestic sales in May 2022, Tata Motors reported total domestic sales of 74,755 units as against total domestic unit sales of 24,552 units in May 2021 . Tata Motors Limited’s sales in the domestic and international market for May 2022 stood at 76,210 units as against 26,661 units during May 2021.
Domestic sales of MH&ICV including trucks and buses stood at 12,056 units in May 2022 as against 3,241 units in May 2021.
The total sales of MH&ICV domestic and international business including trucks and buses stood at 12,810 units in May 2022 as compared to 4,276 units in May 2021.
Rakesh Jhunjhunwala stake in Tata Motors
According to Q4FY22 . Shareholding Pattern of Tata Motors forRakesh Jhunjhunwala holds 3,92,50,000 shares, which is 1.18 per cent of the total paid-up capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.