Earnings Alerts

Tata Motors Ltd (TTMT) Earnings: May Vehicle Sales Reach 76,766 Units

  • Total Vehicle Sales: Tata Motors sold 76,766 vehicles in May 2024.
  • Local Sales: Out of the total, 75,173 vehicles were sold locally in India.
  • Passenger Vehicle Sales: The company sold 47,075 passenger vehicles.
  • Commercial Vehicle Sales: There were 29,691 commercial vehicles sold during the month.
  • Analyst Recommendations: Currently, Tata Motors has 20 buy recommendations, 8 hold recommendations, and 5 sell recommendations from analysts.

Tata Motors Ltd on Smartkarma

Analyst coverage of Tata Motors Ltd on Smartkarma showcases differing sentiments among experts. Trung Nguyen from Lucror Analytics views Tata Motors’ Q4 and FY 2023-24 results as excellent, with record high revenue and earnings, leading to a significant reduction in net debt. Leonard Law, CFA, provides a bullish perspective in the Morning Views Asia report, offering fundamental credit analysis and trade recommendations. Nimish Maheshwari provides a bullish outlook on Tata Motors’ demerger, emphasizing the unlocking of value in EV and JLR units, streamlining operations, and enhancing shareholder value in the passenger and commercial vehicle sectors.


A look at Tata Motors Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.2

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

Based on Smartkarma’s Smart Scores, Tata Motors Ltd appears to have a promising long-term outlook. The company scores high in Growth with a rating of 5, indicating a strong potential for expansion and development in the future. This suggests that Tata Motors is well-positioned to capitalize on opportunities for growth within the automotive industry.

Additionally, Tata Motors scores well in Momentum with a rating of 4, reflecting positive market sentiment and performance trends. This indicates that the company is moving in the right direction and has good momentum that may lead to further success. With a solid foundation in manufacturing a diverse range of automotive vehicles, including cars and commercial vehicles, Tata Motors is poised for continued growth and resilience in the market.


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.
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