Tata Motors Stock Analysis
TATA MOTORS
- Tata Motors was incorporated in 1945. Its market capital is Rs 46,110.96 crore and it is a large cap company. Its subsidiaries are JAQUAR and LAND ROVER.
- Talking about the result or data for November month, Tata Motors subsidiary Land Rover retail sales in November were 5.5 percent higher at 35,078 units YOY (Year Over Year). Its another subsidiary Jaquar sales in November were 23.1 percent down at 11,464 units.
- Tata Motors subsidiaries sales are declined by 3.4 percent in total reatil sales at 46,542 units in November as compared to previous year November 2018.
- The positive think is that its sales in China has increased for the fifth consecutive month in November.
- Now the biggest concern is that its global wholesales are declined by 15 percent at 89,671 units in November . Tata motors group had sold 1,04,964 units in the same month last year.
- Global wholesales for commercial vehicles in November 2019 is declined by 11.72 percent total units sold was 58,641 units as compared to last year same month was 66,429 units.
- Currently its industry P/E is 20.65.
It will take time to improve, atleast 2 quarters, for long term investors it is a good bet because it is now trending at Rs 159.70 on NSE add on dips. The other reason for its downfall is that whole automobile sector is down. According to me it will be the multibagger of automobile industry in coming years.
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