Earnings Alerts

Tata Motors Ltd (TTMT) Earnings Boosted by Impressive August Sales of 71,693 Units

By September 1, 2024 No Comments
  • Tata Motors reported total vehicle sales of 71,693 units in August 2024.
  • Local sales accounted for 70,006 units out of the total.
  • Passenger vehicle sales were strong, totaling 44,486 units.
  • Commercial vehicle sales stood at 27,207 units.
  • Analyst recommendations:
    • 22 buys
    • 7 holds
    • 5 sells

Tata Motors Ltd on Smartkarma

Analysts on Smartkarma are actively covering Tata Motors Ltd, providing valuable insights for investors. Leonard Law, CFA, shared a bullish Morning Views report on Tata Motors ADR and Yankuang Energy Group, offering fundamental credit analysis and trade recommendations. On the other hand, Brian Freitas highlighted the index impact of DVR cancellation for Tata Motors, anticipating increased stock weight in indices and triggering passive buying. Trung Nguyen‘s analysis of Tata Motors’ Q1 FY 2024-25 results was optimistic, noting record revenues and profits, despite a slight increase in net debt due to investments and dividend payments. Moreover, the bearish view on Tata Motors’ FY 2023-24 results by Trung Nguyen, praising the company’s excellent revenue and earning performance, leading to a significant debt reduction.


A look at Tata Motors Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assigned Tata Motors Ltd a combination of Smart Scores indicating a promising long-term outlook. With a Growth score of 5, Tata Motors is projected to experience significant expansion and development in the future. This is complemented by a Momentum score of 4, suggesting the company is trending positively in terms of market performance. Additionally, the company has scored well on Resilience with a score of 3, indicating its ability to withstand economic downturns. While the Dividend score of 2 may not be as high, the overall outlook for Tata Motors looks favorable.

As a leading manufacturer of cars and commercial automotive vehicles, Tata Motors Limited boasts a diverse product portfolio that includes heavy, medium, and small commercial vehicles such as trucks, vans, buses, and minibuses. In addition, the company designs and manufactures small cars and sports utility vehicles. With strong scores in Growth and Momentum, Tata Motors is poised for future success in the competitive automotive market, making it a company to watch for investors seeking long-term opportunities.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars