Shares of Tata Motors slipped over 3% in early deals on Wednesday on the BSE after the company flagged chip supply shortage.
The shortage is largely the result of substantial swings in demand due to the pandemic and the increased use of semiconductors in advanced vehicles. Restoring market balance will take time because semiconductor manufacturing is not suited to rapid and large shifts in demand.
What is the problem with Tata Motors?
India’s third-largest carmaker, Tata Motors Ltd., is concerned about the rising costs of raw materials. “It (raw material cost) is becoming very, very painful,” PB Balaji, chief financial officer at Tata Motors Group, told BloombergQuint in an interview.
It has maintained its ‘Buy’ rating on the stock with target price of ₹400 per share. ICICI Securities said that Tata Motors’ Q1FY22 operational performance was in line with consensus estimates with consolidated EBITDA margin at 7.9%. … The brokerage has a Buy stance on the auto stock with ₹513 target price.
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Is Tata Motors a good buy for long term?
Investors are recommended to buy this stock for a long-term target of up to Rs 450. … Rohit Singre, Senior Technical Research Analyst at LKP Securities said, ‘Tata Motors share price looks positive on the chart pattern and it’s bullish till it’s trading above Rs 325 per stock level.
Can Tata Motors be debt free?
Tata Motors reaffirms plan to turn debt-free by FY24 despite negative impact of Covid. Tata Motors Ltd, the country’s largest automaker by revenue, will stick to its plan to turn debt-free by FY24 despite its businesses being adversely impacted by the pandemic, chairman Natarajan Chandrasekaran said on Friday.
Tata Motors share rose 4% today after the auto firm said it would raise the price of its commercial vehicles by around 2 per cent from October 1 to offset the effect of rising input costs.
Jain said that the fall in SBI shares has been triggered by the overall market correction creating selling pressure across the board. SBI shares also fell because of this reason. … If SBI shares breach the Rs 380 levels, an upside will be open for levels between Rs 400 and Rs 420, he further said.
Eicher Motors’ Stock Falls After Analysts Highlight Expensive Valuation. Shares of Eicher Motors Ltd. … declined after at least four research firms downgraded the stock citing expensive valuations.