{"id":85984,"date":"2023-01-27T12:32:00","date_gmt":"2023-01-27T07:02:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=85984"},"modified":"2023-01-27T12:30:22","modified_gmt":"2023-01-27T07:00:22","slug":"tata-group-stock-jumps-8-after-robust-results-brokerage-sees-more-upside-in-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-8-after-robust-results-brokerage-sees-more-upside-in-it\/","title":{"rendered":"Tata Group Stock jumps 8% after robust results; Brokerage sees more upside in it\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4073361564\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Tata Motors vroomed 8.20% on Friday\u2019s early trades to reach an intraday high of \u20b9 453.40 apiece after the company swung to make a profit after a hiatus of seven quarters. They were quoting at \u20b9 444.55 apiece, up 6.09% at 11:35 AM on Friday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-38812337\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The waning impact of the semiconductor chip shortage and the softening of raw material prices helped its UK Subsidiary and luxury car unit Jaguar Land Rover (JLR) turn profitable. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATAMOTORS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Motors<\/a><\/strong> also indicated that it will be able to improve its margins and profitability in the passenger vehicle segment, despite short-term challenges.\u00a0<\/p><p>Tata Motors\u2019 consolidated net profit came in at \u20b9 3,043 crores in the October to December quarter against a net loss of \u20b9 1,451 crores in the same quarter last year. Its total income jumped 22.9% year on year to \u20b9 89,618 crores from \u20b9 72,931 crores in the corresponding quarter last year.&nbsp;<\/p><p>The carmaker beat market expectations to post a profit for the first time after seven quarters on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1709870958\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>JLR\u2019s order book stood tall at 2,15,000 units and analysts liked the fact that new order bookings in the December quarter were higher than retails. They liked an improvement in net pricing in the commercial vehicle (CV) division and expect a likely improvement in the March quarter. However, they did not like the uncertainty regarding its supply chain.&nbsp;<\/p><p>Jefferies has a target price of \u20b9 565.00 on the shares of Tata Motors. This indicates an upside of 27.09% as compared to its share price of \u20b9 444.55.&nbsp;<\/p><p>Meanwhile Emkay Global has a target of \u20b9 515.00 on the shares. It has revised its target price from \u20b9 485 earlier. The given target translates to an upside of 15.84%.&nbsp;<\/p><p>Motilal Oswal Financial Services said that Tata Motors should witness a gradual recovery as supply-side issues ease (for JLR) and commodity headwinds stabilize (for the India business). It added that the company will benefit from a macro recovery in India, company-specific volume\/margin drivers, and a sharp improvement in Free cash flow (FCF) and leverage in both JLR and the India business.&nbsp;<\/p><p>\u201cWe remain cautiously optimistic on the demand situation despite global uncertainties. We will remain vigilant on demand and our continued focus on profitable growth, improving semiconductor supplies and stable commodity prices will aid revenue growth, margin improvement and positive cash delivery in Q4 FY23,&#8221; Tata Motors said in an exchange filing.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3596829313\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-532560178\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Tata Motors vroomed 8.20% on Friday\u2019s early trades to reach an intraday high of \u20b9 453.40 apiece after the company swung to make a profit after a hiatus of seven quarters. They were quoting at \u20b9 444.55 apiece, up 6.09% at 11:35 AM on Friday.&nbsp; The waning impact of the semiconductor chip [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,3153,3157,2597,2363,3103,3678,2822,2117,5664,137,3170,5663,3064,159,793,5665],"class_list":["post-85984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-tata-group","tag-tata-group-stock","tag-tata-group-stocks","tag-tata-groups","tag-tata-motors","tag-tata-motors-2023","tag-tata-motors-electric-vehicles","tag-tata-motors-ev-sales","tag-tata-motors-gets-buy-call","tag-tata-motors-news","tag-tata-motors-sales","tag-tata-motors-share-price-target","tag-tata-stock-to-buy-now"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group Stock jumps 8% after robust results; 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