VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here : IndiaNotes >> Research & Analysis >> Companies >> Tata Motors Ltd. >> Research

Tata Motors: JLRs Oct-17 volume of 49.8k units below estimates; Buy for an upside of 36%

Motilal Oswal | 13 Nov, 2017  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 5.0 Based on 1 ratings)



The stock trades at 17.2x/6.5x FY18E/FY19E consolidated EPS. Maintain Buy with a target price of INR575 (FY19 SOTP-based) for ordinary shares, and Rs 403 for DVR (~30% discount to TP for ordinary shares).

Region-wise, China reported strong volume at 12.3k units (+12.4% YoY), including China JV volume at 7,085 units. Growth in China is reflecting the introduction of the long wheel base Jaguar XFL, as well as strong sales of FPACE, Discovery Sport, Range Rover Sport and Evoque. While retail sales were down in the UK (-18.3%), the US (-3.2%) and Europe (-3.3%), Rest of world sales grew 15.7% YoY.

 



logo
BSE
421.45 +7.95
(1.92%)
NSE
421.80 +8.35
(2.02%)
Read More
About Motilal Oswal

Motilal Oswal was founded in 1987 as a small sub-broking unit, with just two people running the show. Today it has a 2000 member team with a networth of Rs7 bn and market capitalization as of March 31, 2008 at Rs19 bn.

 

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




Technical Calls

What are technical calls?

Other Articles


Have a question?