Buy Tata Motors; Target Rs. 178 & Ashok Leyland; Target Rs. 86

Buy Tata Motors; Target Rs. 178 & Ashok Leyland; Target Rs. 86

Tata Motors Ltd (TAMO):

Tata Motors

Tata Motors Ltd has officially announced a consolidated sales of Rs. 64763.39 Cr for the quarter finished on 30-09-2019, which is 6.47 % up from its previous quarter sales of Rs. 60830.16 Cr and -9.16 % down from its previous year’s same quarter sales of Rs. 71292.79 Cr. The firm has also announced its net profit after tax of Rs. 175.76 Cr in the most recent quarter.

Outlook:

Tata Motors Ltd is a buy call with a target of Rs. 178 and a stop loss of Rs. 162; current market price: 169.25.

Ashok Leyland Ltd (ASOK):

Ashok Leyland

Ashok Leyland Ltd has officially announced a consolidated sales of Rs. 5033.06 Cr for the quarter finished on 30-09-2019, which is -22.74 % down from its previous quarter sales of Rs. 6514.73 Cr and -41.16 % down from its previous year’s same quarter sales of Rs. 8553.68 Crore. The firm has also announced its net profit after tax of Rs. 69.71 Cr in the most recent quarter.

Outlook:

Ashok Leyland Ltd is a buy call with a target of Rs. 86 and a stop loss of Rs. 76.5; current market price:80.30.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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