Tata Motors Share Price: The Tata Group-backed auto giant, Tata Motors share price has witnessed a broader bull trend in March month so far. In past five sessions, the heavyweight large-cap has jumped by nearly 5% and on March 10th, it even crossed Rs 650 levels. The company is trending due to its much-awaited Tata Harrier EV launch. As per latest report, the company has revealed the new Tata Harrier EV on the roads of Pune, and its launch is expected soon. Should you buy Tata Motors share?

Tata Motors Share Price:

After market hours, Tata Motors stock ended at Rs 647.90 apiece, broadly flat on BSE, with market cap of Rs 2,38,504.25 crore. During the trading hours of Monday, the stock touched an intraday high of Rs 654 apiece. In past five sessions, Tata Motors stock are up by 4.6%.

The stock’s 52-week high and low is at Rs 1,179.05 apiece and Rs 606.20 apiece. The stock’s price-to-equity ratio is at 38.47x, while return on equity is at 20.24%.

Tata Harrier EV:

As per Cardekho report, after making its appearance in the production-spec avatar, Tata recently showcased the Harrier EV during our visit to the automaker’s Pune manufacturing facility ahead of its launch. While both versions of the Harrier have a similar design, the fascia of the Harrier EV differentiates itself with a closed-off grille and redesigned bumper with vertical slats as seen on the Tata Nexon EV. On the other hand, the diesel-powered Harrier has a chrome mesh pattern on the grille and the air dam. Rest of the details like the headlight housings and connected LED DRLs remain the same on both versions.

While on its official website, it was revealed that HARRIER.EV, a Bold, Powerful, Intelligent, Electric All-wheel drive SUV, born of legendary pedigree, offers an extraordinary exterior design and future ready connectivity. This 5-seater monocoque SUV is engineered on the OMEGA Architecture, derived from the legendary Land Rover D8 architecture and developed in collaboration with Jaguar Land Rover. With HARRIER.EV, the company is extending this pedigree to the Gen 2 EV architecture, delivering an uncompromised range and top-notch advanced features.

The HARRIER.EV is a distinctive, dynamic and elegant SUV. Its characteristic elongated Coupe-like silhouette reflects the exhilarating and active customer lifestyle and aspirations. This seductive silhouette is emphasised with a two tone roof and bright garnish over the windows, it said.

Should You Buy Tata Motors Stock?

As per Trendlyne report, the consensus recommendation from 30 analysts for Tata Motors Ltd. is BUY. However, EPS is expected to reduce by 28.3% in FY25. The average 1-year target price is Rs 949.73, which hints at a potential 47% upside ahead.

In its latest report, Elara Capital said, that despite global headwinds, the management has reiterated its EBIT margin guidance of 8.5% for FY25, implying a 10.2% EBIT margin for Q4.

In the case of commercial vehicles, Elara’s note said that despite current weakness in demand, Tata Motors anticipates positive tailwinds for the sector, driven by higher fleet utilisation, fleet operator profitability and increased
freight rates.

For the passenger cars segment, Elara’s note added, ” Tata Motors expects the passenger vehicle (PV) industry to grow by 2% YoY in FY25, aligning with the trend seen in 9MFY25. Also, dealer inventory has now been reduced
to

Apart from the Tata Harrier.EV launch, Tata Motors will also be the focus of the demerger process. The company’s demerger will be of two separate listed companies housing A) the Commercial Vehicles business and related investments in one entity and B) the Passenger Vehicles businesses including PV, EV, JLR, and related investments in another entity. As part of the demerger plan, Tata Motors shareholders will get 1 share of TMLCV with a face value of Rs 2 each for every 1 share held in the company. This makes the business split ratio 1:1.