TATA Motors Can Become The Next MultiBagger Stock In FY 2023-2024

TeknikalRaman

Money & Finance

POSTED BY: Ranjeet Kumar PUBLISHED: 5th July, 22

TATA Motors is a company with strong fundamentals, stable share and currently trading at 408 INR, has a huge market cap of 145,650 crore.

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On 1st July 2022 TATA Motors reported a sales growth of 82% (79,606 units) which is more than the entire sales of last year.

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TATA Motors have sold more units in first 6 months of 2022 as compared to the entire year of 2021, 2020, 2019 & 2018.

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Moreover, the chairman of TATA Motors said "we have a target of multiplying our EV sales by 5X before the end of FY 2023-2024.

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Chandrasekaran also said they want to become one of the global leaders in providing green mobility, and the shift to EV is irreversible.

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"TATA Motors is soon going to become a dividend paying company", said the chairman. the last dividend paid by the company was in FY2014.

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You can also visit our website to learn about "Top 5 Hidden TATA Group Subsidiaries: TATA Group Of Comp."

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