TATA MOTORS: RECOVERY ON TRACK
Tata Motor is back in the game.
Balance sheet is improving, Sales figures are smashing records every month ,Tata Motor have vision to be debt free before 3 yrs.
Tata Motors Group is a leading global automobile manufacturer, It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. Both Tata Motors and JLR are working towards their electrification journey. Today, Tata Motors is the leader in the EV segment in India with its automobiles Tigor EV and Nexon EV.
Technicals:
1) MACD ABOVE SIGNAL & CENTER.
2) RSI IS MID-RANGE.
3) BULLISH CUP & HANDLE PATTERN.
4) PRICE ABOVE 30 DAY SMA.
5) RSI INDICATING PRICE STRENGTH.
Fundamentals:
1) STOCK WITH LOW (PE <=10)
2) STRONG BALANCE SHEET.
3) EXCELLENT CORPORATE GOVERNANCE.
4) MOODY'S INVESTORS SERVICE HAS CHANGED THE OUTLOOK ON TAMO TO STABLE FROM NEGATIVE.
5) LARGEST PLAYER TO RIDE THE EV BOOM.
CMP: 332
TARGET: 500
Disclaimer:
I'm a beginner and not an expert , my views on TAMO are for educational purposes only, I advise you to consult your financial planner before making any investment.
Balance sheet is improving, Sales figures are smashing records every month ,Tata Motor have vision to be debt free before 3 yrs.
Tata Motors Group is a leading global automobile manufacturer, It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. Both Tata Motors and JLR are working towards their electrification journey. Today, Tata Motors is the leader in the EV segment in India with its automobiles Tigor EV and Nexon EV.
Technicals:
1) MACD ABOVE SIGNAL & CENTER.
2) RSI IS MID-RANGE.
3) BULLISH CUP & HANDLE PATTERN.
4) PRICE ABOVE 30 DAY SMA.
5) RSI INDICATING PRICE STRENGTH.
Fundamentals:
1) STOCK WITH LOW (PE <=10)
2) STRONG BALANCE SHEET.
3) EXCELLENT CORPORATE GOVERNANCE.
4) MOODY'S INVESTORS SERVICE HAS CHANGED THE OUTLOOK ON TAMO TO STABLE FROM NEGATIVE.
5) LARGEST PLAYER TO RIDE THE EV BOOM.
CMP: 332
TARGET: 500
Disclaimer:
I'm a beginner and not an expert , my views on TAMO are for educational purposes only, I advise you to consult your financial planner before making any investment.
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