Sharekhan Stock Update- 3R Recommendation
Tata Motors Ltd
Carving separate growth paths for CVs & PVs
Rating:BUY
(CMP:1,022, Price Target:1,188 )
Company Description
TML manufactures cars and commercial automotive vehicles. The company designs, manufactures, and sells heavy,
medium, and small CVs, including trucks, tankers, vans, buses, ambulances, and minibuses. TML also manufactures small cars and sports utility vehicles (SUVs). The company is a leading CV manufacturer in India. TML acquired Jaguar and Land Rover brands in 2008; and Jaguar and Land Rover brands merged to form one unified company in 2013.
Key Investment Arguments
•Tata Motors Ltd plans to separately list its CV and PV businesses in equity markets.
•TML has been consistently showing an improvement in all of its business segments.
•We maintain a Buy with a revised PT of Rs 1,188 on expectations of continued improvement in JLR, PV and CV business and reduced net automotive debt from current levels.
•Stock trades at P/E multiple of 14.6x and EV/EBITDA multiple of 5.6x its FY26E estimates.
Stock of the day
L&TFH
Buy Range – 169-175
Target – 183-196
Support – 162
Time Frame – Positional
Commodity & Currency Podcast for 06/03/2024
STOCK OPTION BUY 28 MAR 2024 MGL 1400 PE AT 41.55 TGT 48-55 SL-35
STKOPTIONS BUY 28 MAR 2024 GUJGASLTD 560 PE AT 18.65 TGT 25-29 SL-14
INDEXOPTION BUY 7 MAR 2024 NIFTY 22400 CE AT 91 TGT 130-150 SL -65
CTFT BUY TITAN AT3796.85 TGT 3838-3880 SL -3760
BAJAJ-AUTO BOOKED PROFIT AT 274
STOCK OPTION BUY 28 MAR 2024 IGL 440 PE AT 16.4 TGT 21-23.5 SL-13
BOOKED PROFIT AT 20.20
STOCK OPTION BUY 28 MAR 2024 MGL 1400 PE AT 41.55 TGT 48-55 SL-35
1ST TGT ACHIEVED -BOOKED PROFIT AT 49.9
BOOKED PROFIT AT 40.85
EXIT AT 199.6
STOCK OPTIONS: BUY JSWSTEEL 28MAR2024 PE 800
CMP 17.70
TARGET- 24.90/34.90
SL- 9.90
TIME FRAME-1-5 DAYS
SUNTV STOPLOSS TRIGGERED
STOCK OPTIONS: BUY VOLTAS 28MAR2024 PE 1050
CMP 32.90
TARGET- 39.90/49.90
SL- 23.90
TIME FRAME-1-5 DAYS
INDEX OPTION BUY 6 MAR 2024 BANK NIFTY 47900 CE AT 118.3 TGT 190-230 SL-40
BATAINDIA STOPLOSS TRIGGERED
BOOKED PROFIT AT 183.35
STKOPTIONS BUY 28 MAR 2024 ICICI BANK 1120 CE AT 21.15 TGT 26.2-32 SL-16
All are requested to join Live Market Session before 10.30am everyday
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STKOPTIONS BUY 28 MAR 2024 GUJGASLTD 560 PE AT 18.65 TGT 25-29 SL-14
INDEX OPTION: BUY FINNIFTY 12MAR2024 CE 21000
CMP 157.50
TARGET- 183.90/219.90
SL- 129
FINNIFTY BOOKED PROFIT AT 165
BOOKED PROFIT RS.5100 BEAR PUT STRATEGY_ MANAPPURAM MARCH SERIES’:- 170 PE SOLD 8.35 AND BUYBACK 160 PE AT 4 ( GAIN RS.5100)
GUJGASLTD 560PE EXIT WITH MINOR PROFIT AT 20.1
BOOKED PROFIT- GAIN RS.2420 TATACHEM MARCH 2024 SERIES SOLD 1100CE AT 51.4 AND BUY BACK 1130 CE AT 37 ( GAIN RS.2420)
STKOPTIONS BUY 28 MAR 2024 TATACHEM 1150 CE AT 40 TGT 55-65 SL -30
BOOKED PROFIT AT 49.4
INDEX OPTION: BUY BANKNIFTY 06MAR2024 CE 48000
CMP 118.05
TARGET- 164/229
SL- 69
STKOPTIONS BUY 28 MAR 2024 AXIS BANK 1120 CE @32.5 TGT 40-48 SL-25
INDEXOPTION BUY 7 MAR 2024 NIFTY 22400 CE AT 91 TGT 130-150 SL -65
BOOKED PROFIT at 110
BANKNIFTY 1ST TARGET ACHIEVED BOOKED PROFIT AT 167.90
STKOPTIONS BUY 28 MAR 2024 BHARTIARTL 1190 CE AT 27.3 TGT 34-42 SL-22
SL Triggered
HERO ZERO BANKNIFTY 48000 CE AT 69 TGT 140-170 SL-0.05
BOOKED PROFIT AT 30.95
