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
Current
announcement:
Tata Motors yesterday reported 10.69 per cent increase in
total sales at 44,225 units in February, as against 39,951 units in the same
month last year.
Domestic sales of Tata commercial and passenger vehicles
grew by 14.15 per cent at 40,314 units as compared to 35,315 units in February
2014, Tata Motors said in a BSE filing.
Sales of passenger vehicles in the domestic market in
February stood at 13,767 units, up 21.56 per cent from 11,325 units in February
2014.And they said The trend of growth in passenger vehicles continued with the
strong Zest sales and good response to the all-new Bolt,
In the commercial vehicles segment, domestic sales were
at 26,547 units during the month. Exports during the month stood at 3,911
units, down 15.63 per cent as against 4,636 units in the year-ago month.
The company’s sales of
commercial vehicles in February 2015 in the domestic market at 26,547 nos.,
higher by 11%, over February 2014. LCV sales were at 14,357 nos., a decline of
4% over February 2014, while M&HCV sales continued to show growth at 12,190
nos., higher by 34%.
Exports
The Company’s sales from exports were 3,911 nos., in February 2015, lower by
16% compared to 4,636 vehicles in February 2014. The cumulative sales from
exports for the fiscal at 44,498 nos., remained flat, compared to last
year.
Analysis:
Tatamotors
yesterday close was 584.15.
Today open was 583.45 and closed
at 574.60 Net changes Percentage
was -1.63.Today Nifty has reached the
9000 level so there can be sell off in our market due to profit taking by
traders. Tatamotors domestic
sales grew 14 % for the month of February in 2015 compared to 2014. Please
don’t buy stock for short term based up on this growth as all you know main
challenge for this company is to post growth in JLR subsidiary JLR which is
likely to be disappointing again.
For long term traders
please wait till it reach 530 levels to buy this stock. If tomorrow it crosses
the 571 level then which indicates down side of this stock .And my first target
will be 564.90. Second target is 560.95 for short term.
Tatamotors this month
target can be around 530 levels. In 530 levels strong support is there hence we
can buy this stock for long term and short term at that level.
