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Tata Motors-DVR share Price Today

Company details

693.95
709.80
260.15
712.60
6M Return 58.75%
1Y Return 172.10%
Mkt Cap.(Cr) 35,925.74
Volume 23,68,357
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 23,68,357
NSE

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Technical outlook
    The consumer discretionary space is gaining upward momentum after witnessing price and time wise correction. Further, falling metal prices (copper, aluminium) will help to lower inflationary pressure of raw material for AC companies. Key beneficiary of the same will be Voltas. We remain constructive on Voltas as the stock has undergone strong base formation in the vicinity of key support of ₹ 920, which has been held on multiple occasions over the past 15 months. Hence, it offers a fresh entry opportunity with favourable risk reward
     
    We expect the stock to resolve higher and gradually head towards ₹ 1084 in coming months as it is confluence of:
    a) 38.20% retracement of April-May decline (₹ 1348-922)
    b) price parity of May-June rally (₹ 922-1058) projected from mid-June low of ₹ 934
     
    On the oscillator front, weekly stochastic logged a bullish crossover, indicating positive bias
Fundamental Outlook
    Voltas is a home appliances company specialising in air conditioning and air cooling technology in the B2B and B2C space. The company is a market leader with 23.4% market share in the room air conditioner (RAC) as of FY22. Voltas’ key segments include Unitary Cooling Products for Comfort and Commercial use (UCP), Electro-Mechanical Projects and Services (EMPS) and Engineering Products and Services (EPS). UCP is the highest revenue contributing segment for the company
     
    Voltas is continuing its focus on expansion through exclusive brand outlets (EBO). Currently, there is a presence of 200 EBOs and the company aims to add 50 more outlets during FY23. The company is also focusing on expansion of Mom & Pop stores for its commercial refrigeration segment which recorded a volume led growth in Q4FY22. On the EPS segment front, growing yarn exports, strong demand for capital machinery in both spinning and post-spinning, and a well-defined approach to strengthening after-sales business are contributing favourably to the topline and results. In FY22, the company achieved a milestone of sale of 1 million units under the Voltbek brand. Production at its Sanand, Gujarat factory also crossed 1 million units with better productivity and high quality. In-house production has aided the brand in introducing more customer-centric products, overcoming supply chain disruptions, optimizing working capital, and achieving additional cost advantages. The company aims to achieve 10% market share by 2025 for the Voltbek brand. Voltas has also entered into a joint venture with Highly International (Hong Kong) Ltd to manufacture compressors in India
     
    Voltas reported a muted performance in Q4FY22 wherein total operating income for the quarter was at ₹ 2,667 crore, up by ~1% YoY. The topline growth was mainly affected due to de-growth in EMPS segment. The EMPS segment revenue declined 21% YoY to ₹ 692 crore mainly due to low carry forward order book. The carry forward order book at ₹ 5360 crore declined 19% YoY. Focus on execution of quality orders led to low order booking of the segment. UCP division revenue increased by ~10% YoY to ₹ 1818 crore led by price hikes. Increased completion, pandemic led lockdown and extended winter dragged down overall volume offtake. The volume market share of the company declined to 23.4% (from 25.6% in Q4FY21). EPS segment revenue increased 26% YoY to ₹ 124 crore. This was led by a favourable base and improved performance from crushing & screening equipment and renewal of the service contracts in India and Mozambique. Overall EBITDA margin decreased by 268 bps YoY to 9.8% mainly due to sharp increase in the raw material costs. This resulted ~278 bps YoY fall in gross margin. Consequently, PAT declined ~24% YoY to ~₹ 183 crore
     
    In the long run, we expect the company’s market share in the RAC segment to rise owing to rising income and aspirations of middle class household in India which will be a key demand driver for cooling products. We build 17.2% revenue CAGR and 37.5% PAT CAGR for Voltas over FY22-24E. The company has a healthy balance sheet with strong return ratios, wherein the RoE is ~11% and RoCE is ~15% as of FY22

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Tata Motors-DVR shares SWOT Analysis

Strengths (2)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Near 52 Week High

Weakness (0)

Data not found

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (0)

Data not found
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Resistance and support

R1 712.9
R2 719.3
R3 728.7
Pivot

703.42

S1 697.0
S2 687.6
S3 681.2
EMA SMA
674.9
652.5
607.6
529.0
670.9
660.4
606.4
516.5
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Bulk Purchase 2023-11-30 479.34 4141898 NSE
YOKE SECURITIES LTD Bulk Purchase 2023-11-30 477.95 3996514 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-30 479.9 3528433 NSE
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Name Category Shares
Bodies Corporate PUBLIC 2.47%
Non-Resident Indian (NRI) PUBLIC 1.37%
Clearing Members PUBLIC 0.82%
HUF PUBLIC 0.53%

OUR RESEARCH VIEW

Investment recommendation
Test
Call Date
13 Jul 2022
Entry Price 221.00
Target Price 220.00
Duration
12-18 Month
BUY View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Tata Motors-DVR Stocks COMPARISON

Financials( ₹ in Cr) Tata Motors-DVR Maruti Suzuki India Ltd Tata Motors Ltd Mahindra & Mahindra Ltd Bajaj Auto Ltd
Price 706.50 12,675.50 1,046.65 2,193.05 8,981.80
% Change 2.01 1.37 1.59 -0.88 1.53
Mcap ₹ Cr 35,925.74 3,98,521.52 3,47,879.14 2,72,712.13 2,50,753.89
Revenue TTM ₹ Cr
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INSIDER & INSTITUTIONAL ACTIVITY
Board of Tata Motors -DVR recommends Final Dividend

May 10, 2024 l BSE Announcement

Tata Motors Limited - Change in Management

May 10, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

May 10, 2024 l NSE Board Meetings Forthcomming

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Date Action Type Ratio
Jul 28, 2023 Dividend 105
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Tata Motors-DVR Information

Stock PE (TTM)
0
Promoter Holding
7.67%
Book Value
1073.3982
ROCE
0%
ROE
0%
Registered Address

24 Homi Mody Street, Fort, Mumbai, Maharashtra, 400001

Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 570001
NSE Code : TATAMTRDVR
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : IN9155A01020

FAQ’s on Tata Motors-DVR Shares

You can buy Tata Motors-DVR shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tata Motors-DVR Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 10, 2024 03:59 PM the closing price of Tata Motors-DVR was Rs.706.50.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of May 10, 2024 03:59 PM, the market cap of Tata Motors-DVR stood at Rs. 35,925.74.

The latest PE ratio of Tata Motors-DVR as of May 10, 2024 03:59 PM is 0.00

The latest PB ratio of Tata Motors-DVR as of May 10, 2024 03:59 PM is 1.52

The 52-week high of Tata Motors-DVR share price is Rs. 712.60 while the 52-week low is Rs. 260.15

According to analyst recommendations, Tata Motors-DVR Share has a "Buy" rating for the long term.

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