Tata Motors: This Tata Group company came in profit, shares reached the top of 52 weeks, can go up to 29% – tata motors shares jumps four percent should you buy, sell or hold
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The company has declared a dividend of Rs 2 per equity share. A dividend of Rs 2.1 per share has been declared for DVR shareholders. Jefferies maintains Buy rating on Tata Motors with a price target of Rs 665. Earlier he had kept the target price at Rs 600. The brokerage said in a note that India business holds 65 per cent stake in the target price. He says that the performance of JLR and India business will be good in the financial year 2024. With this, the stock of the company can rise up to 29 percent.
how far can the price go
Kotak Institutional Equities also has an add recommendation on Tata Motors. Emkay says that the company’s stock can go up to Rs 565, which is 10% more than its current price. Nuwama has a buy recommendation on it with a target price of Rs 620. According to Prabhudas Lilladher, the company’s stock can go up to Rs 590. This is 14 per cent more than its current price.
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