NSE Share Market: Stock update: Tatamotors (Positional call)

About Tatamotors:

Tata Motors Limited is India's largest automobile company, with consolidated revenues of INR 2,32,834 crores (USD 38.9 billion) in 2013-14. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 8 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.

BSE Code for TATAMOTORS is 500570 and the NSE Code for this stock is TATAMOTORS

Latest announcement:

Tata Motors Yesterday said it has no plan to sell majority/strategic stake in Tata Technologies Ltd (TTL), the auto designer arm of the company, as it considers the Pune-based firm as strategically important for its business. "Tata Motors considers TTL as strategically important for its business. There is no intention of TML to sell majority/strategic stake in TTL and reports of divestment of the 90 percent stake are incorrect, the country's largest automotive firm said in a filing to the BSE. Tata Motors along with its subsidiary holds 72.32 percent stake in TTL and 15.47 percent stake is held by rest of the Tata Group, it added. The homegrown auto major was responding to reports that it along with Tata group's private equity fund Tata Capital were looking to sell their 90 percent stake in TTL.

It now earns one third of its revenue from North America, Europe and Asia Pacific. Nearly 65 per cent of its business comes from the automotive sector, 12 per cent from aerospace and the rest from industrial machinery and other businesses. Tata Motors is the country's largest automobile company, with consolidated revenues of Rs 2,32,834 crores in 2013-14. Tata Motors shares closed at Rs 561.55 apiece on the BSE, up 0.27 per cent from previous close.

Expected movement for this Month:

Tatamotors was last traded at Rs 561.5 net change percentage was 0.27%.Tatamotors is the biggest and good stock for invest our money. We can buy this stock at current level. When TATAmotors equity Crosses 563.52 it strongly indicate upper trend. So buy this stock at that level. My first target for this month is 571.47. And exit target will be 575.6.