Tata Motors share price: Sell Tata Motors, target price Rs 395: Kotak Securities

Kotak Securities has a sell call with a target price of Rs 395. The current market price of Tata Motors Ltd. is Rs 404.95. The period given by the analyst is Intra Day when . the price can reach the set target.

Tata Motors Ltd., incorporated in 1945, is a large capitalization company (having a market capitalization of Rs 136,744.86 Crore) operating in the automotive sector.

The main products/revenue segments of Tata Motors Ltd. include motor vehicles, spare and other parts, miscellaneous goods, sale of services and other operating income for the year ending March 31, 2022.


For the quarter ended 31-03-2022, the company reported a consolidated total revenue of Rs 79,341.61 Crore, up 8.79% from last quarter. Total revenue of Rs 72931.86 Crore and down -11.17% from the same quarter last year. Total income of Rs 89319.34 Crore. . The company reported net profit after tax of Rs -1099.32 Crore last quarter.


Investment rationale
The stock formed a reversal formation with a long bearish candle indicating further decline

Promoter/Fii Holdings
The promoters held 46.4% of the company’s capital as of March 31, 2022, while the FIIs held 14.45% and the DIIs 14.39%.

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