Tata Motors has been a name to reckon with in the global automobile industry. The manufacturer of cars, trucks, buses, defence vehicles and utility vehicles is a part of Tata Group which has more than 100 operating companies under its umbrella. Tata Motors is Indian’s largest automobile company with operations spread across Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia. It was among the first Indian companies that were listed on the U.S. exchange.
The Tata Motors share price has always given good returns to investors. Its stocks are quite popular among those who prefer to invest in large, well-established companies. With its market cap size of Rs91,082 crores, the company has been able to survive even the most volatile times on the stock market. In the last two years, its share price hovered between Rs400 and Rs500 to dip below Rs400 in the last three months and then, below Rs300 in the last week of May 2018.
The Tata Motors stock price witnessed a surge in 2018 two times -In January when one of its most popular cars Jaguar Land Rover (JLR ) posted a 6.5% rise in global sales and then, in April when it reported 17.85% increase in global sales. The performance of the domestic market of Tata Motors has also been impressive this year. It can be attributed to the management’s business turnaround strategy which it had been working on after experiencing instability in vehicle sales and Tata Motors share price for some months. Overall, the market saw broad-based market growth of 39% YoY.
In the near-term, the experts have revised the estimates of Tata Motors stock price on the lower because it had a jagged reaction after the Q4 FY18 results were currently announced. It had hit a 52-week low. The weakness in the broader market is another reason why the near-term estimates are not upbeat. However, given its cost-cutting measures, investment in technology and new launches on the horizon, its stocks make a wise investment, provided you keep a long-term horizon.
In spite of its ups and lows, the experts recommend ‘buy’ for Tata Motors.
The Tata Motors share price has always given good returns to investors. Its stocks are quite popular among those who prefer to invest in large, well-established companies. With its market cap size of Rs91,082 crores, the company has been able to survive even the most volatile times on the stock market. In the last two years, its share price hovered between Rs400 and Rs500 to dip below Rs400 in the last three months and then, below Rs300 in the last week of May 2018.
The Tata Motors stock price witnessed a surge in 2018 two times -In January when one of its most popular cars Jaguar Land Rover (JLR ) posted a 6.5% rise in global sales and then, in April when it reported 17.85% increase in global sales. The performance of the domestic market of Tata Motors has also been impressive this year. It can be attributed to the management’s business turnaround strategy which it had been working on after experiencing instability in vehicle sales and Tata Motors share price for some months. Overall, the market saw broad-based market growth of 39% YoY.
In the near-term, the experts have revised the estimates of Tata Motors stock price on the lower because it had a jagged reaction after the Q4 FY18 results were currently announced. It had hit a 52-week low. The weakness in the broader market is another reason why the near-term estimates are not upbeat. However, given its cost-cutting measures, investment in technology and new launches on the horizon, its stocks make a wise investment, provided you keep a long-term horizon.
In spite of its ups and lows, the experts recommend ‘buy’ for Tata Motors.
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