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Business / Sat, 11 May 2024 ET Now

Tata Motors Share Price Target 2024: KEY management change - BUY, SELL or HOLD?

(Image: Shutterstock/ET NOW News)Tata Motors Share Price Target 2024: The Tata Motors board has reappointed Ms. Vedika Bhandarkar as a Non-Executive Independent Director for another five-year term. Tata Motors Share Price Target 2024 Kotak Institutional Equities has issued an ADD rating to Tata Motors' shares. Tata Motors Dividend 2024 The company has also announced dividend for its shareholders along with quarterly profits results. Tata Motors Share Price History Tata Motors is part of the S&P BSE Sensex. Tata Motors stock has been a multibagger during the last year, increasing 105.49 percent.

Authored by : ET Now Digital Updated May 11, 2024 | 04:19 PM IST Photo : Shutterstock.com The shares of auto maker concluded in green at Rs 1046.85 on the BSE on Friday. (Image: Shutterstock/ET NOW News)

Tata Motors Share Price Target 2024: The Tata Motors board has reappointed Ms. Vedika Bhandarkar as a Non-Executive Independent Director for another five-year term. Ms. Bhandarkar has been an independent director of the firm since June 26, 2019. She is a experienced financial professional with over 35 years of experience creating teams and businesses for Indian and multinational organisations, company informed via regulatory filings.

The shares of auto maker concluded in green at Rs 1046.85 or up by 1.62 per cent on the BSE on Friday. The stock traded at an intraday high of Rs 1,050 and a low of Rs 1,030.75, respectively.

Tata Motors Share Price Target 2024 Kotak Institutional Equities has issued an ADD rating to Tata Motors' shares. The firm mentioned the CMP of Rs 1,030 in their report dated May 10, 2024, and fixed the fair value of Rs 950 for the automobile maker.

Tata Motors Q4 Results 2024 In the fourth quarter of FY24, the company has recorded a robust performance with sales of Rs 119,986 crore (up 13.3%), EBITDA of 14.9%, and EBIT of 9.1%, with all three vehicle divisions producing outstanding results. Tata Motors reported record revenues of Rs 437,928 crore for fiscal 2024, an all-time high EBITDA of Rs 628,000 crore, the highest PBT of Rs 28.9k crore, and a net profit of Rs 31,807 crore.

Tata Motors Dividend 2024 The company has also announced dividend for its shareholders along with quarterly profits results. "The Board of Directors have recommended a final dividend of Rs 3 per Ordinary Share and a special dividend of Rs 3 per Ordinary Share," the company stated in an regulatory filings.

Tata Motors Share Price History Tata Motors is part of the S&P BSE Sensex. The auto manufacturer has a market value of Rs 3,47,945.62 crore on the BSE. According to BSE data, the company's shares rose 14.42 percent in the previous three months and 60.86 percent in the last six months. Tata Motors stock has been a multibagger during the last year, increasing 105.49 percent. Tata Motors' shares trade on the BSE in a 52-week range of Rs 1,065.60-Rs 504.75.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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