Background: Tata Motors is run by one of the most respectable persons "Ratan Tata". He is the one who has donated 15000 cores towards PM Fund. Another thing is his contribution inform of Charity almost 40- 60 % of his profit is given towards it.Tata Motors is the true wish filler for middle-class families who are dreaming of being the owner of a car in the true sense.
Coming to the performance of the stock :
Stock is currently trading at 124. If someone looks its falls and rise in the recent it formed a bottom of 63.5 and high of 201.7
Though the China - America cold war and lockdown have impacted its performance and took the price to 66. Now, what left is only positive .. Correct a little on the fall and jump twice on good news is its trend now by the way it is a trend that we could see in all Auto Sectors. So one who is looking from an investment point of view can hold the stock.
Let's see the promoter holding in the stock :
The stock's recent quarterly results are :
Now Technically will try to understand the performance of the stock Right now it is trading at its 200 SMA levels
As per the chart, the near term target is 139.. if it crosses one could expect a big target of 163 and 200. It is still a good investment stock for a Mid-Long term view.
I am bullish on this stock from 75 levels where I have given a buy on this stock that was in March - April 2020 So I do not see those levels to come again in this stock.
80- 100 is a very good level to buy this stock.
Positives: Good management, 50% promoters holding, all the negative news are priced in, Sector is in trending move.
Conclusion: In my opinion its a perfect buy.
