You’re in the right spot if you want to know the future share price targets for TATA Motors. But first, let’s get to know the company’s background and basic details.
Tata Motors News Updates
August 7, 2024: Tata Motors introduces India's first SUV Coupé, the Tata Curvv, disrupting the mid-SUV segment.
August 6, 2024: Tata Passenger Electric Mobility Ltd. teams up with Tata Power Renewable Energy Ltd. to promote zero-emissions transportation in India.
August 2, 2024: The Tata Punch becomes the fastest SUV to reach 400,000 sales.
August 1, 2024: Tata Motors releases its financial results for the first quarter of FY25 and announces the demerger of its commercial vehicle business into a separate listed company.
August 1, 2024: Tata Motors reports total sales of 71,996 units for July 2024.
About Tata Motors
Tata Motors Limited is a company in India that makes cars, trucks, vans, buses, and construction equipment. Tata’s best-known brands are Jaguar (a British premium car maker) and Land Rover (maker of Jaguar and Land Rover cars). Tata also has a construction-equipment manufacturing joint venture with Hitachi, and a joint venture with Stellantis which manufactures automotive components and Fiat Chrysler and Tata branded vehicles. On 12 October 2021, private equity firm TPG invested $1 billion in Tata Motors’ electric vehicle subsidiary.
Fundamentals of TATA motors
Let’s look at the fundamentals of TATA motors, based on which we can get a clear understanding of the expertise in the automotive sector.
- Current Market Cap: The current market cap of TATA motors as of October 6 2022, is ₹1,37,529.87 Cr.
- P/E Ratio: The current price to earning ratio of TATA motors is 0.
- Sales Growth: Sales growth is around 56.63% over the period of time
- Profit Growth: Profit growth is around 56.63% over the period of time
TATA motors Price Target Details
We have done a complete analysis of TATA motors and have come up with its share price targets for upcoming years.
Note: These price targets of “TATA motors” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
| Year | TATA motors 1st Share Price Targets (₹) | TATA motors 2nd Share Price Targets (₹) |
|---|---|---|
| 2023 | 820 | 890 |
| 2024 | 1100 | 1300 |
| 2025 | 1700 | 1900 |
| 2026 | 2030 | 2400 |
| 2027 | 2600 | 2900 |
| 2028 | 3100 | 3500 |
| 2029 | 3700 | 4000 |
| 2030 | 4280 | 4500 |
TATA motors share price target 2023
After analyzing the chart deeply by taking the monthly time frame analysis on the trading view chart of TATA motors we found
The target share price of TATA motors for the year 2023 will be ₹850
TATA motors share price target 2024
The target share price of TATA motors for the year 2024 will be ₹1100
TATA motors share price target 2025
The target share price of TATA motors for the year 2025 will be ₹1700
TATA motors share price target 2026
The target price of TATA motors for the year 2027 will be ₹2030
TATA motors share price target 2027 to 2030
The target share price of TATA motors for the years 2027, 2028, 2029, and 2030 will be ₹2600, ₹3100, ₹3700, and ₹4280 respectively.
Technical Analysis of BEL Ltd’s Recent Price Movements
- Current Stock Price: ₹135
- 52-week High: ₹147
- 52-week Low: ₹87
Current Price: Rs. 354.55 (as of December 10, 2023)
52-Week Range: Rs. 220.65 – Rs. 532.75
Bullish Potential:
- Initial: Rs. 368.10 (based on 50-day DMA)
- Intermediate:
- Rs. 389.45 (based on 100-day DMA)
- Rs. 405.05 (intersection of 200-day DMA and 38.2% Fibonacci retracement)
- Advanced: Rs. 443.70 (based on 50% Fibonacci retracement)
Bearish Potential:
- Initial: Rs. 338.40 (based on 200-day DMA)
- Intermediate: Rs. 305.80 (based on 50% Fibonacci retracement)
- Advanced: Rs. 271.70 (based on 61.8% Fibonacci retracement)
Technical Landscape:
- Moving Averages:
- 50-day DMA: Rs. 368.10
- 100-day DMA: Rs. 389.45
- 200-day DMA: Rs. 338.40
- Fibonacci Retracements:
- 38.2%: Rs. 405.05
- 50%: Rs. 443.70
- 61.8%: Rs. 271.70
- Relative Strength Index (RSI): 68.1 (indicating overbought conditions)
Key Takeaways:
- Tata Motors’ stock price appears to be consolidating after a significant bullish run.
- The identified support levels (50-day and 200-day DMA) could cushion potential declines.
- Initial resistance lies at the 50-day DMA, followed by intermediate resistance at the 100-day DMA and 38.2% Fibonacci retracement level.
- While the overall trend remains positive, the overbought RSI suggests a potential correction before further upward movement.
Quarterly Sales Data
Here’s a table representing BEL Ltd’s quarterly sales data:
| Quarter | Sales (in Rs. Crores) |
|---|---|
| Jun 2021 | 1649 |
| Sep 2021 | 3678 |
| Dec 2021 | 3702 |
| Mar 2022 | 6340 |
| Jun 2022 | 3141 |
| Sep 2022 | 3962 |
The stock of BEL Ltd is currently trading at ₹135, close to its 52-week high of ₹147. The company has shown steady growth in terms of sales and profit, as evident from the quarterly sales data. However, it’s essential to keep an eye on technical indicators and market sentiment for more accurate predictions. Based on the current data and technical analysis, the stock has both bullish and bearish potentials.
Conclusion
The stock of BEL Ltd is currently trading at ₹135, close to its 52-week high of ₹147. The company has shown steady growth in terms of sales and profit. However, it’s essential to keep an eye on technical indicators and market sentiment for more accurate predictions. Based on the current data and technical analysis, the stock has both bullish and bearish potentials.
