Portfolio Rakesh Jhunjhunwala: Investor Ace India Rakesh Jhunjhunwala has cut its shares in Tata Motors in accordance with the pattern of new shares ownership. Known as ‘Big Bull’ and ‘Warren Buffet of India’, Portfolios and Investment Rakesh Jhunjhunwala and investment were strictly watched by stock market participants because he had created a great wealth for the past few years from the betting and stock market strategy.

Rakesh Junjhunwala shares in Tata Motors

According to data available at BSE, Rakesh Jhunjhunwala has 1.09 percent shares or 3,62.50,000 shares in Tata Motors in June 2022, which dropped from 1.18 percent of the shares he held in the previous quarter March 2022.

Tata Motors Stock Price

Tata Motors shares rose 45 percent in a period of one year, however, car stock has declined more than 10 percent in 2022 (YTD) so far compared to a decline of around 8 percent in benchmark sensex. During the April-June quarter, shares fell 4.85 percent and are now traded in RS 450 per share. Car giant shares have been traded weak since October 2021, in line with the main index.

What is the analyst said?

While Tata Motors is expected to report strong growth in the domestic business in the April-June quarter income, Analysts at Motilal Oswal said that the volume of Jaguar Land Rover has declined every year due to chip shortages. “We estimate that almost Breakeven Ebiten supported by Mix,” they added. However, brokerage companies are still bullish in Tata Motors with a target price of RS 490 per share.

Prabhudas Lilladher is also bullish in stock. “We maintain our positive attitude towards Tata Motors because the PV segment is likely to get further market share led by a changed portfolio, customer preferences for SUVs and increased EV penetration, CV volume will continue to benefit from the increase in cycles, increasing fleet and tariff use Transportation, and the revival in JLR and a strong order book to get benefits and encourage the FCF generation, “they added. Brokest company has a target price of RS 555 per share in Tata Motors shares.

HSBC Global Research, in its report, said: “The semiconductor supply tends to improve every month from now and with a new range rover (RR) that has received a positive response and the volume of prospects from the remaining 2Q. Increased volume can have a positive impact that is disproportionate on cash flows and therefore debt reduction.

In the future, car makers expect supply chain constraints to facilitate and sell cars to take within 2 hours CY22. The JLR market share has fallen throughout the market because the shortage of supply continues to have more impact than JLR than colleagues, as expected, on 1Q. Positively, the price on all boards remains very strong and JLR in particular has discounts that can be ignored and improved product mixture. We reduce the estimated volume of JLR FY23E/FY24E JLR by 20 percent/8 percent. Our entire EPS pieces for FY23E are enlarged because of the negative impact of operating leverage. Maintain buying with the revised TP RS 560 (RS 570 before), “he added.

The commercial vehicle business and Tata Motors passenger vehicles see strong momentum. In June, the wholesale volume of vehicles and commercial vehicles rose in sequence each by about 14 percent and 4 percent. However, the volume of commercial vehicle Q1fy23 decreased by 16 percent in sequence while the volume of passenger vehicles rose by around 6 percent. Also, because electric cars are seen as the future of the car industry, Tata Motors has doubled its investment in the segment.