Demerger Impact: Tata Motors' demerger into commercial and passenger vehicle segments aims to enhance growth opportunities.

Stock Price Surge: The stock crossed ₹1,000 for the first time, driven by robust performance in CV, PV+EV, and JLR businesses.

Multibagger Returns: Tata Motors gave over 132% returns in the last year, transitioning to net profit in Q3FY23.

March Performance: The stock surged over 7% in March, extending gains for the fifth straight month since November 2023.

Earnings Beat: Tata Motors beat Street estimates in Q3FY24, with a more than two-fold increase in net profit.

Revenue Growth: Total revenue rose 25% in Q3FY24, led by a 27% increase in JLR sales.

February Sales: Total wholesales rose 8.4% in February, with PV sales up 19% YoY.

Technical Analysis: Tata Motors has rallied more than 50% in the last three months, showing signs of fading upward momentum.

Expert Opinion: Rohan Shah, Technical Analyst at Religare Broking Ltd, advises refraining from fresh longs and waiting for a dip towards the 980-960 zone.

Investment Strategy: Long-term investors could consider building up holdings in tranches, buying the stock at right levels.

Support and Resistance Levels: The stock exhibits strength with solid support at ₹940-950 levels, while ₹1040-1060 is expected to act as a strong resistance zone.

Future Outlook: While Tata Motors remains in a strong uptrend, traders should be cautious and watch for a potential dip before entering fresh positions.

Watch Now

Arrow