tata motors share price, Tata’s shares will see buying thrust, good earnings will be made; Know what experts say – tata motors stock price this tata group share likely to surge due to many reasons
The company is on track to become the market leader in the EV segment. Tata Motors has crossed the milestone of selling 50,000 electric vehicles in FY23. And all their four SUVs i.e. Nexon, Punch, Harrier and Safari are also in high demand. Brokerage house Motilal Oswal has advised investing in the shares considering the company’s strong fundamentals.
Brokerage house Motilal Oswal said Tata Motors’ wholesale production rose 24 percent (on-year basis) and 19 percent (on-quarter basis) to 94,600 units in the March quarter. It was estimated to be 84,500 units. Wholesale sales for FY 2023 increased by 9% to around 321300 units. Land Rover ( LR ) reported growth of 34 percent (on a year-on-year basis) and 22 percent (on a quarterly basis). While Jaguar’s volumes declined by 27 percent (on an annualized basis) and 3 percent (on a quarterly basis).
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On the other hand, the production of Range Rover and RR Sport has been increasing steadily. The stock may touch up to Rs 525 in the coming days due to the growing business of the company. So says the brokerage firm.
5.23 crore shares held by Rekha Jhunjhunwala
Tata Motors is a major part of veteran investor Rakesh Jhunjhunwala’s portfolio. His portfolio is now managed by his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala has 52,256,000 shares of the company i.e. 5.22 crore shares in her portfolio. His total stake in the company is 1.5%.
