Brokerage bullish on this Tata stock, said- buy it, you will get huge profit

New Delhi. Brokerages are bullish on the stock of Tata Group company, Tata Motors. After the company declared itself debt free in the financial year 2024, the stock of Tata Motors rose well intraday yesterday i.e. on Wednesday and crossed Rs 1000. In the evening, it closed with a slight increase at Rs 989.20. In the last four years, this multibagger stock has given 1450 percent return to the investors. Brokerage firms Jefferies and JM Financials have advised investors to invest in Tata Motors stock.

On Tuesday, the company had informed that Tata Motors has achieved debt-free status for the financial year 2024. The company claimed that Jaguar Land Rover (JLR) can also become net debt-free in FY 2025. It is worth noting that the profit of Tata Motors increased three times in the March quarter of FY 2024. The consolidated net profit in the fourth quarter was Rs 17,528.59 crore. The company’s net profit in the fourth (January-March) quarter of FY 2022-23 was Rs 5,496.04 crore. The company’s consolidated net profit in the financial year ended March 31, 2024 was Rs 31,806.75 crore, while in the previous financial year 2022-23 it was Rs 2,689.87 crore.

Brokerage gave advice to buy
Global brokerage firm Jefferies has given a buy rating on Tata Motors. The brokerage has set the target price of this stock at Rs 1250. Jefferies said that Tata Motors is once again focusing on strengthening its franchise. The management is increasing its focus on the passenger vehicle and commercial segment. The focus is on increasing the market share of passenger vehicle i.e. PV from 16 percent in FY27 to 18 percent by FY 2020.

Morgan Stanley has given ‘Equal-Weight’ rating to Tata Motors. The brokerage says that this stock can go up to Rs 1150. The brokerage firm said that all the businesses are now capable of doing business on their own. In such a situation, to strengthen further, the company can take the next step towards demerger. Emkay Global has upgraded the rating of Tata shares to ‘Add’ and also revised the target price to ₹ 1,050 per share.

JM Financials gave buy rating
Brokerage firm JMM Financials has also given a ‘buy’ rating to Tata Motors shares. The brokerage estimates that this share can go up to Rs 1200. It is worth noting that Tata Motors shares have given 1450 percent return to investors in four years. This means that one lakh rupees invested in this share four years ago has grown to about 15 lakh rupees today.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any kind of profit or loss of yours.)

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