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Buy Tata Motors, target price Rs 530: Emkay Global

Updated at : 2022-04-27 11:20:03

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Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.

For the period under review, the company’s sales rose 10.65 per cent to Rs 1,709.17 crore as against Rs 1,544.64 crore during the previous quarter ended March 2021, reports said.

“The valuations are extremely attractive with the discounts that have been offered to retail investors and policyholders. This seems like a very good investment and all the critics who are saying that the government has to be in such a rush to launch, I would say that the real value for the government will reside in the 96.5% which it will retain and which will give it tremendous returns over the next few years.”

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Promoters held 26.45 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 53.88 per cent and 5.3 per cent, respectively.

On Tuesday, the stock hit a low of Rs 2,250 on BSE, down 10 per cent. With this, the scrip has fallen 24 per cent from November 2021 high of Rs 2,975.55.

Shares of ICICI Lombard fall as Nifty drops

Updated at : 2022-04-27 11:20:03

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On the technical charts, the 200-day moving average of the stock stood at Rs 1434.51.

Buy NTPC, target price Rs 190: ICICI Direct

Updated at : 2022-04-27 11:20:03

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NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 153789.12 Crore) operating in Power sector.

The dollar index, which measures the US currency against six major rival currencies, has strengthened around 7 per cent so far in 2022 as the prospect of higher interest rates in the world’s largest economy has lured investors.

Share price of Siemens falls as Nifty weakens

Updated at : 2022-04-27 11:20:03

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A total of 1,080 shares changed hands on the counter till 10:51AM (IST).

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Alphabet Inc and Microsoft Corp both dropped almost 4% ahead of their results after the closing bell. About a third of the S&P 500 companies are set to report results this week.

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