Shares of Tata Motors Ltd rose 1.21 per cent to hit a day high price of Rs 800.15 in Monday's trade. At this price, the stock was just 0.71 per cent away from its 52-week high of Rs 805.85, a level seen in the previous trading session. The multibagger scrip has gained more than 100 per cent in the past one year.
On BSE, around 5.09 lakh shares were seen changing hands today. The figure was lower than the two-week average volume of 10.62 lakh shares. Turnover on the counter came at Rs 40.49 crore, commanding a market capitalisation of Rs 2,63,119.65 crore.
Commenting on the ongoing upward run, analysts largely remained positive on the counter. Support on the counter could be seen at Rs 785, followed by Rs 779, Rs 775 and Rs 760 levels. On the higher side, a decisive breach above the Rs 810-820 zone is required to trigger a further up move.
"The automaker's total sales is almost 3 lakh crore. Once the company's margins start to come, it is going to be a huge positive for Tata Motors. We have a strong long-term view on Tata Motors and it is worth holding on to the counter," AK Prabhakar, Head of Capital at IDBI Capital, told Business Today TV.
"Support will be at Rs 775 and resistance at Rs 810. A decisive close above Rs 810 level may trigger a further upside till 830. Expected trading range will be between Rs 750 and Rs 850 for a month," said Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers.
"The stock has once again maintained its strong uptrend with next target visible at Rs 820 level. If the strength sustains, then it may further see Rs 880 level. Near term support is at Rs 760 zone," said Shiju Koothupalakkal, Technical Research Analyst at Prabhudas Lilladher.
"The stock may hit Rs 825 in the near term. Keep strict stop loss placed at Rs 785," said DRS Finvest founder Ravi Singh.
"Tata Motors is slightly bearish and also overbought on daily charts with next resistance at Rs 818. Investors should be booking profits at current levels as a daily close below support of Rs 779 could lead to a slip towards Rs 738 in the near term," said AR Ramachandran from Tips2trades.
As of September 2023, promoters held 46.38 per cent stake in the company.
(Disclaimer: Business Today provides stock market news for informational purposes only and that should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.)
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Disclaimer: Business Today provides stock market news 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.
FAQs
Shares of multibagger Tata Motors have risen 117% from their 52-week low in a year. The auto stock, which fell to a 52-week low of Rs 474.60 on May 2, 2023 rose to a high of Rs 1029.95 in Thursday's trade on BSE, more than doubling in a year. The benchmark Sensex has gained 22% during the period.
What is the stock price prediction for Tata Motors for next 5 years? ›
Tata Motors Share Price Targets: A Glimpse into the Future
Tata Motors Share Price Target 2025: Expectations set the target at approximately ₹1,255, within a range of ₹1,203.50 to ₹1,307.70. Tata Motors Share Price Target 2026: The target moves up to ₹1,569, with a forecasted range between ₹1,504.38 and ₹1,634.63.
What is the target of Tata Motors' share in 2025? ›
Key Takeaways from Forecasted Price for TATAMOTORS from 2024 to 2030
| Year | Initial Target | Year-End Target |
|---|
| 2024 | ₹938.77 | ₹1140.5 |
| 2025 | ₹1209.4 | ₹1203.96 |
| 2026 | ₹1294.27 | ₹1288.1 |
| 2027 | ₹1383.31 | ₹1377.36 |
3 more rows20 hours ago
Moreover, in the long term, 3 years, again Tata Motors has emerged as the winner. Both stocks have given multibagger with Tata Motors up 212 percent and M&M up 120 percent.
Which stock will be multibagger in 2024? ›
ACE Software Exports stock has surged 300% in 2024 YTD to ₹165.15 from ₹41.28 in December 2023. It has soared over 743% in the last year and over 849% from its 52-week low. ACE Software Exports stock has surged 300% in 2024 YTD to ₹165.15 from ₹41.28 in December 2023.
Which Tata stock is best to buy in 2024? ›
List of Best Tata Shares 2024
| Company Name | Market Cap (in Cr) | Share Price |
|---|
| Tata Power Company Ltd | ₹1,10,510 | ₹356.95 |
| Indian Hotels Company Ltd | ₹68,196 | ₹480.35 |
| Tata Consumer Products Ltd | ₹1,09,585 | ₹1,159 |
| Tata Communications | ₹49,592 | ₹1,728.65 |
6 more rowsApr 11, 2024
The stock is up 24 per cent in 2024 so far and 60 per cent in the last six months. Tata Motors share price target: The increased its target price was due to ramp-up in JLR volumes, Tata Motors' focus on increasing market share in the PV segment and its robust free cash flow (FCF) performance.
Which Tata share is best to buy for long term? ›
Tata Consultancy Services (TCS)
Its diversified revenue streams, strong client base, and focus on innovation make it an attractive long-term investment option. As of 5 April 2024, TCS shares were available for Rs. 3,979.25 per share at the NSE and Rs. 3,977.55 per share at the BSE.
What is the share price of Tata Motors in May 2024? ›
Tata Motors stock price went down today, 07 May 2024, by -2.18 %. The stock closed at 1015.8 per share.
What is the prediction for Tata Motors in March 2024? ›
Tata Motors Outlook for the Week (March 18, 2024 – March 22, 2024) Tata Motors closed the previous week on a negative note losing 9.35%. Technically, Tata Motors share price will see immediate support at 911.57 and immediate resistance would be seen at 1,008.57.
ITC Share Price Target 2024
In 2024, Tata Investment Corporation Ltd (TATAINVEST) is expect to experience strong growth, with an initial target of ₹5384.47. However, market volatility might lead to fluctuations mid-year, peaking at ₹7038.1.
What will be the share price of Tata Power in 2024? ›
Tata Power is trading at 411.30 as on Mon May 13 2024 09:59:58. This is -0.83% lower as compared to its previous closing price of 414.75. What is the market capitalization of Tata Power?
Which stocks will double in 2024? ›
Trending Growth Stocks List in 2024
| Stock Name | Sub-Sector | 5Y CAGR (%) |
|---|
| Oil India Ltd | Home Electronics & Appliances | 75.73 |
| Caplin Point Laboratories Ltd | Software Services | 50.73 |
| Godawari Power and Ispat Ltd | Software Services | 55.49 |
| Marksans Pharma Ltd | Electronic Equipments | 120.23 |
6 more rowsApr 25, 2024
The Tata Motors stock is up 32 per cent in 2024 so far and 97.22 per cent in the past one year. Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice.
Is it safe to buy Tata Motors share? ›
Tata Motors share price target:
Morgan Stanley has maintained an 'overweight' rating on the Tata Motors stock with a target of Rs 1,013. Both HSBC and Investec have each maintained a 'hold' call on Tata Motors shares with targets of Rs 920 and Rs 900, respectively.
Is it wise to invest in Tata Motors? ›
Tata Motors has rallied 15 per cent/ 60 per cent in past three/six months, and 1-year forward EV/EBITDA is 6 times against 5-year mean of 5 times. Retain 'REDUCE' with target at Rs 940 (unchanged)," Nuvama said. The Tata Motors stock is up 32 per cent in 2024 so far and 97.22 per cent in the past one year.
Does Tata Motors have a future? ›
Medium to Long Term Plans of Tata Motors:
In the next three to five years, the company wants to sell 20% CNG vehicles, 20% EVs, and around 50% petrol vehicles, and the rest 10% diesel vehicles out of every 100 vehicles to be sold. Currently, the company is selling around 94%-95% of petrol vehicles.
What will be the future of Tata Motors share price? ›
Tata Motors share price live: Consensus analysts rating is Buy. The analyst recommendation trend is shown below with the current rating as Buy. The median price target is ₹1000.0, 4.77% higher than current market price.
Which Tata stock is multibagger? ›
Multibagger stocks to buy: Shares of Tata Power and Adani Power are one of the multibagger stocks that the Indian stock market has delivered in recent years. However, some analysts are still bullish on the fundamentals and technical of these businesses.
