Shares of Tata Group could go as high as Rs 680, may fetch you 75% profit, say experts

New Delhi:

If you are thinking of buying Tata group shares, then this is the news for you. The share market experts believe that the shares of this company may fetch you 75% profit in a year. 

What do the experts say? 

ICICI securities has suggested that you can buy Tata Motors’ shares with a prime target of Rs 680. The price of Tata Motors is expected to reach its target within a year. Meanwhile, JP Morgan is also bullish on the shares of Tata Motors. It said that the company is planning for deleveraging and the company is expected to achieve zero net debit by fiscal year 2024. In the last one month, counter has registered 15% hike. JP Morgan has set its target price at Rs 530. 

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A Large Cap company

Tata Motors limited is a large cap company. The promoters had 46.4% stake in the company until March 31, 2022 — FII 14.45% and DII 14.39%. 

Rakesh Jhunjhunwala’s stake

Tata Motors is the favorite of Rakesh Jhunjhunwala. He is often called the big bull of share market. As per the company’s newest BSE shareholding pattern, he has 39,250,000 equity shares which is 1.2% of the auto giant.

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