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Market experts see 25 percent rise in Tata Motors share price in Future

According to experts, the both fundamental and technical indicators are good for this stock and it can be bought for a target price of Rs 450.

Market experts see 25 percent rise in Tata Motors share price in Future

Sentinel Digital Desk

New Delhi: The stock of Tata Motors which reached a 52-week high with Rs 368.40 on Thursday was the second highest riser in Nifty 50 in early trade.

Its price opened with a gain of Rs 5.05 per share. As per a report in Mint, the market experts expect this stock to rise further.

The company's business can accelerate due to the entry into the e-vehicle segment. It is one of those good quality stocks that have not gained much in the recent rally in the stock market.

According to experts, the both fundamental and technical indicators are good for this stock and it can be bought for a target price of Rs 450. This will be an increase of about 25 percent from its current price.

Notably, Rakesh Jhunjhunwala, one of the biggest investors in the stock market, also has a stake in the company. The shareholding pattern for the second quarter shows that Jhunjhunwala holds 1.14 per cent stake in Tata Motors.

Investors are advised to buy Tata Motors share at current price and hold it for short term target of Rs 380 against Rs 400. The stop loss for this will be Rs 340 per share.

The stock of the company is showing bullish movement and it is likely to rise further after breaking out from the bullish flag formation. It is likely to reach Rs 430 to Rs 450.

Tata Motors DVR was also upgraded to overweight from equal weight and price target raised by Rs300 from Rs119 a share.


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