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HomeIndiaTata Motors Share Target Price, Big Profits for Investors! Tata stock...

Tata Motors Share Target Price, Big Profits for Investors! Tata stock to buy tata groups tata motors will take expert advice big bounced checkNews WAALI

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Mumbai: If you are looking for quality stocks to invest in the stock market, Tata Motors from the Tata Group can be a good choice. Global brokerage house Nomura has advised to buy shares of Tata Motors. According to the brokerage, the stock will see an upside of around 20 percent from the current price. In the last three years, this stock has become a multi-bagger for investors and the wealth of investors has increased three times. Market veteran Rekha Jhunjhunwala’s portfolio includes Tata Motors.

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Chance of up to 20% increase
Nomura has carried out a buy advisory on Tata Motors shares. Along with this, the price per share has been fixed at Rs. On March 13, 2023, the share price closed at Rs.422. So the shares may see a further rally of around 20 percent from the current price. Although the stock’s returns over the past year have been flat, if you look at the three-year returns, this stock has turned out to be a multi-bagger. Tata Motors has earned about 369 percent returns for investors over the past three years. On March 13, 2020, Tata Motors share price was Rs.89.75.

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Financial Position of Tata Motors
Tata Motors had turned into a loss in the third quarter. In the same period last year, there was a loss of Rs. 1516 crores. The company’s net profit for the October-December 2022 quarter was Rs 2,958 crore. The company’s revenue also reached Rs 88,489 crore in the December quarter. which was Rs 72,229 crore in the same quarter a year ago. Jaguar Land Rover’s revenue rose 28% in the third quarter.

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Investment by Rekha Jhunjhunwala
Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, owns a 1.6 percent stake (52,256,000 equity shares) in Tata Motors. As per the share pattern on BSE for the December 2022 quarter, the holding is currently valued at Rs 2,195 crore. The Jhunjhunwala family are seasoned investors in the market. Rakesh Jhunjhunwala died in August last year. The stock has been in Jhunjhunwala’s portfolio for a long time.

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