For the last several sessions, there has been selling in the shares of Tata Group’s automobile company Tata Motors. Due to this selling, Tata Motors shares fell 35 percent from their all-time high. While one investor is scared about this decline, other investors are buying stocks to earn profits. Now reports from many brokerage firms have come regarding Tata Motors shares.
The brokerage firm has upgraded the share price target and rating of Tata Motors in its report. In such a situation, the question arises whether this is the right time to buy shares or not?
Buy shares or not?
Nomura India has increased the share price target of Tata Motors to Rs 990. At the same time, Brokerage DAM Capital has rated Tata Motors shares as ‘Buy’ and target price is Rs 870 per share.
Brokerage firm Sharekhan has increased the price target of the share to Rs 1,099 per share. Similarly, LKP Securities has given the rating of ‘value buy’ to the shares of Tata group. LKP Securities has increased the share price target to Rs 970 per share.
The brokerage firm believes that increasing demand for domestic commercial vehicles and recent vehicle launches have contributed significantly to the company’s growth.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.