Momentum Stock Watch: Tata Motors Limited (TTM)

Company Profile:

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations. The Company’s automotive segment operations include all activities relating to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as sale of related parts and accessories. In the automotive segment, the Company manufactures and sells passenger cars, utility vehicles, light commercial vehicles, and medium and heavy commercial vehicles. The Company’s all other operations segment mainly includes information technology (IT) services, and machine tools and factory automation services. The Company operates in over 160 countries across the world. The company was formerly known as Tata Engineering and Locomotive Company Limited and changed its name to Tata Motors Limited in July 2003. Tata Motors Limited was founded in 1945 and is based in Mumbai, India.

Recent News:

On Nov. 28, 2017, the Company announced that it plans to modify its executive lineup and revise its organizational structure in order to further strengthen cooperation among companies of the Toyota Group and boost business innovation.

Tata Sons Ltd, the majority shareholder in Tata Motors, has acquired an additional 1.7% stake in TTM via reverse book building mechanism. The transaction is valued approximately at Rs.2000 crores ($312 million).

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TTM’s strengths can be seen in its better growth,better profitability and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI (14) stands at 47.04 with positive bias. We rate Tata Motors Limited (TTM) a STRONG BUY.

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