Tata Motors' share price target in 2024 is optimistic at ₹1,188, according to Abhishek Gaoshinde, Deputy Vice President – Research at Sharekhan by BNP Paribas.
Tata Motors' share price today opened at ₹992.95, reaching a high of ₹995.75 and a low of ₹980, closing at ₹988.40, with a market capitalization of ₹378,270.75 crore.
Tata Motors aims to achieve a net cash positive status for Jaguar Land Rover by 2025, contributing to its growth and setting a price target of ₹1,059 for 2024.
Tata Motors' projected share prices are as follows: ₹1,059.02 in 2023, ₹1,059.02 in 2024, ₹1,096.50 in 2025, ₹1,144.50 in 2026, ₹1,171.50 in 2027, ₹1,316.50 in 2028, and reaching ₹1,721.50 by 2030.
Tata Motors' share price target for 2027 is set at ₹1,171.50, reflecting its strategic initiatives despite challenges faced, such as the discontinuation of the Tata Nano car.
Tata Motors is focusing on electric vehicles, aiming for a share price target of ₹1,721.50 by 2030, driven by the introduction of models like Tata Tagore and Tata Nexon.