Tata Motors share price: The Tata Group-backed automobile giant witnessed a bullish week from March 10th to 14th, rising by at least 11% from its 52-week lows. The bullish trends were fuelled after brokerages continued to be optimistic in Tata Motors despite the sharp selloff in the large-cap. Elara Capital and JM Financial have recommended BUY, while Motilal Oswal has given a Neutral rating. The highest target price on Tata Motors is Rs 872. Also, the company plans to issue NCDs worth Rs 2,000 crore.

Tata Motors Share Price:

On March 13, the auto giant closed at Rs 655.40 apiece on BSE, down by 1.95% with a market cap of Rs 2,41,265.14 crore. Despite the latest fall, Tata Motors’ share price is still up by 8.11% from its 52-week low of Rs 606.20 apiece.

During the trading session of Thursday, the stock surged to as high as Rs 673.30 before correcting. From this level, Tata Motors gained by 11.06% from its 52-week low.

Its price-to-equity ratio is at 38.92x, while its return on equity is at 20.24%. Tata Motors 52-week high is at Rs 1,179.05 apiece.

Tata Motors Split:

The company is on the journey to split its business. The company’s demerger will be of two separate listed companies housing A) the Commercial Vehicles business and its related investments in one entity and B) the Passenger Vehicles businesses including PV, EV, JLR, and its 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.

As per reports, the demerger could come into effect in October this year.

Tata Motors Share Price Recommendation:

JM Financial On Tata Motors:

Tata Motors (TTMT) hosted an analyst meeting highlighting recent performance and outlook across businesses. With respect to JLR, there are early signs of demand improvement in markets like EU and UK (US continues to remain strong) and the company is confident of achieving its FY25 guidance of >=8.5% EBIT margin and turn net-cash in the near-term. While near-term growth for Domestic CV & PV is expected to be muted, we expect underlying demand environment to improve from FY26 esp. for domestic CV (led by revival in government capex) and domestic PV (led by new launches, enhanced marketing). We maintain BUY with unchanged with Mar’26 SoTP of INR 860 (standalone / JLR valued at 12x /2.3x EV/EBIDTA). Recovery in underlying demand remains a key monitorable.

Elara Capital On Tata Motors:

We attended a meeting with Tata Motors’ (TTMT IN) CFO, Mr. PB Balaji on 11 March 2025. Key takeaways were: 1) TTMT seemed confident of meeting Jaguar Land Rover’s (JLR) FY25 EBIT margin guidance of ≥8.5% and net debt free. 2) JLR’s focus will remain building on brands and superior mix-led growth – TTMT expects Land Rover (LR) to
top global growth. 3) In India, TTMT’s target of achieving double-digit EBITDA margin in the PV segment remains – Sierra’s ICE version is likely in the festival season. 4) The SCV segment may see some revival with TTMT acknowledging certain issues. We maintain estimates and reiterate Buy, with SoTP-TP pared to INR 872 (from INR 909).

Motilal Oswal On Tata Motors:

We met with the TTMT management, and the KTAs of the same are as follows: The house of brands strategy is proving successful, with its top three models now well differentiated. It plans to position the Discovery brand accordingly. Going forward, the focus will be on profitable volume growth, without any major focus on market share. Management has maintained its FY25 guidance, unlike most other OEMs that have issued profit warnings. In the Indian CV segment, while the business has performed well across most parameters, the primary focus would be on regaining lost share in SCVs. In the Indian PV segment, apart from upcoming new launches, the company will focus on improving its service capabilities. However, we continue to remain on the sidelines regarding this company, given the uncertainties around threat from potential US tariff levies, weak global macro conditions, and the ramp-up of margin-dilutive EV business. In the absence of any triggers, we reiterate our Neutral stance with Dec’26E SOTP-based TP of INR705.

Tata Motors NCDs:

As per the regulatory filing on March 13, a Meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on Wednesday, March 19, 2025, inter alia, to consider and approve the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures on a private placement basis aggregating upto ₹2,000 crore.