According to stock market specialists, Tata Motors has left Covid behind and the auto big is all set for giant leap on the basic entrance and Tata Technologies IPO goes to play a giant position in it. They mentioned that one ought to begin accumulating Tata Motors shares forward of the launch of Tata Technologies IPO as the general public difficulty is 100 per cent OFS, which implies web proceeds of the general public difficulty will go into the steadiness sheet of shareholders promoting their stake in Tata Technologies and Tata Motors is without doubt one of the shareholders who can be offloading its stake within the IT firm by means of this upcoming IPO.

According to stock market specialists, Tata Motors has left Covid behind and the auto big is all set for giant leap on the basic entrance and Tata Technologies IPO goes to play a giant position in it. They mentioned that one ought to begin accumulating Tata Motors shares forward of the launch of Tata Technologies IPO as the general public difficulty is 100 per cent OFS, which implies web proceeds of the general public difficulty will go into the steadiness sheet of shareholders promoting their stake in Tata Technologies and Tata Motors is without doubt one of the shareholders who can be offloading its stake within the IT firm by means of this upcoming IPO.

In This autumn outcomes introduced yesterday, Tata Motors surpassed estimates in consolidated web revenue to ₹5,407.79 crore within the fourth quarter of FY23, in opposition to a web lack of ₹1,032.84 crore in the identical quarter in final fiscal. Sequentially, the Q4FY23 PAT noticed a progress of practically 83 per cent. The firm’s top-line entrance got here in robust with an upside of over 35 per cent YoY in income.

In This autumn outcomes introduced yesterday, Tata Motors surpassed estimates in consolidated web revenue to ₹5,407.79 crore within the fourth quarter of FY23, in opposition to a web lack of ₹1,032.84 crore in the identical quarter in final fiscal. Sequentially, the Q4FY23 PAT noticed a progress of practically 83 per cent. The firm’s top-line entrance got here in robust with an upside of over 35 per cent YoY in income.

Speaking on Tata Motors This autumn outcomes 2023, Himanshu Singh, Research Analyst at Prabhudas Lilladher mentioned, “Revenue was slightly lower than our estimate while above street estimate. EBITDA margins were largely in line with our and street estimate. Depreciation was higher than expected while PAT gained from deferred tax benefit. Overall, good set of numbers as per expectation.”

Speaking on Tata Motors This autumn outcomes 2023, Himanshu Singh, Research Analyst at Prabhudas Lilladher mentioned, “Revenue was slightly lower than our estimate while above street estimate. EBITDA margins were largely in line with our and street estimate. Depreciation was higher than expected while PAT gained from deferred tax benefit. Overall, good set of numbers as per expectation.”

JLR gross sales

“JLR expects gradual improvements in chip supply to continue over FY24 and is targeting to grow wholesales through FY24 and achieve EBIT margins of over 6 per cent in FY24. Investment spending is expected to increase to about GBP3bn in FY24, with free cash flow to be greater than GBP2bn and net debt to reduce to less than GBP1bn by FY24,” Prabhudas Lilladher professional mentioned.

JLR gross sales

“JLR expects gradual improvements in chip supply to continue over FY24 and is targeting to grow wholesales through FY24 and achieve EBIT margins of over 6 per cent in FY24. Investment spending is expected to increase to about GBP3bn in FY24, with free cash flow to be greater than GBP2bn and net debt to reduce to less than GBP1bn by FY24,” Prabhudas Lilladher professional mentioned.

Himanshu of Prabhudas Lilladher went on so as to add that order e book at 200K models stays robust regardless of elevated retail sales. Range Rover, Range Rover Sport and Defender characterize 76 per cent of the e book.

Himanshu of Prabhudas Lilladher went on so as to add that order e book at 200K models stays robust regardless of elevated retail sales. Range Rover, Range Rover Sport and Defender characterize 76 per cent of the e book.

Tata Motors Ltd holds 74.69 per cent stake in Tata Technologies Ltd and it has supplied to dump 9.571 crore Tata Technologies shares on this upcoming IPO. On ninth March 2023, the IT firm filed DRHP at SEBI for the launch of IPO.

Tata Motors Ltd holds 74.69 per cent stake in Tata Technologies Ltd and it has supplied to dump 9.571 crore Tata Technologies shares on this upcoming IPO. On ninth March 2023, the IT firm filed DRHP at SEBI for the launch of IPO.

On how Tata Technologies IPO can be a recreation changer for Tata Motors, Avinash Gorakshkar, Head of Research at Profitmart Securities mentioned, “As per the DRHP filed by Tata Technologies Ltd at SEBI, Tata Motors enter value per share in Tata Technologies is ₹7.40 per share and if we look at the unlisted market hints, then we can assume that there will be huge rise in the absolute value of Tata Motor’s investment in Tata Technologies. Most importantly, this IPO would be completely OFS, which means net proceeds of Tata Technologies IPO will go to the balance sheet of Tata Motors and other shareholders instead of Tata Technologies Ltd. So, the IPO is expected to streamline cash flow in the Indian auto giant and this is the reason for uptrend in Tata Motors share, which is expected to continue further.”

On how Tata Technologies IPO can be a recreation changer for Tata Motors, Avinash Gorakshkar, Head of Research at Profitmart Securities mentioned, “As per the DRHP filed by Tata Technologies Ltd at SEBI, Tata Motors enter value per share in Tata Technologies is ₹7.40 per share and if we look at the unlisted market hints, then we can assume that there will be huge rise in the absolute value of Tata Motor’s investment in Tata Technologies. Most importantly, this IPO would be completely OFS, which means net proceeds of Tata Technologies IPO will go to the balance sheet of Tata Motors and other shareholders instead of Tata Technologies Ltd. So, the IPO is expected to streamline cash flow in the Indian auto giant and this is the reason for uptrend in Tata Motors share, which is expected to continue further.”

Weakness in US greenback

“Even though US dollar bounced back from one-month low last week, outlook for US dollar remains weak in the wake of US debt ceiling and hence FIIs are expected to continue buying in Indian stock market. As auto and banking are favourite sectors of the foreign investors, Tata Motors is expected to continue attracting FIIs in short to medium term,” mentioned Avinash Gorakshkar.

Weakness in US greenback

“Even though US dollar bounced back from one-month low last week, outlook for US dollar remains weak in the wake of US debt ceiling and hence FIIs are expected to continue buying in Indian stock market. As auto and banking are favourite sectors of the foreign investors, Tata Motors is expected to continue attracting FIIs in short to medium term,” mentioned Avinash Gorakshkar.

Tata Motors share value goal now

On outlook for Tata Motors shares after robust This autumn outcomes and different developments, Himanshu Singh of Prabhudas Lilladher mentioned that the auto inventory could go as much as ₹590 per share ranges in brief to medium time period.

Tata Motors share value goal now

On outlook for Tata Motors shares after robust This autumn outcomes and different developments, Himanshu Singh of Prabhudas Lilladher mentioned that the auto inventory could go as much as ₹590 per share ranges in brief to medium time period.

Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to test with licensed specialists earlier than taking any funding choices.

Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to test with licensed specialists earlier than taking any funding choices.