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Big Bull Rakesh Jhunjhunwala Portfolio Stock Market Stock Tips Tata Motors Share Price – Newshubweek

Big Bull Rakesh Jhunjhunwala Portfolio Stock Market Stock Tips Tata Motors Share Price
– Newshubweek
Written by Arindam

Big Bull Rakesh Jhunjhunwala Portfolio: The stock of Tata Motors, which is included in Rakesh Jhunjhunwala’s portfolio, is now coming out of the consolidation phase. This share of Tata Group is going under pressure in 2022 and it has declined 12.68 percent so far this year. Upside movement has started in this stock after 12th May. Market experts say that the consolidation phase of Tata Motors share is going to end soon.

Market experts believe that this stock can go up to Rs 480 in the short term. On Friday, this stock is trading at Rs 434.10 in intraday. The sales figures of Tata Motors for the month of May have been excellent. The total sales of Tata Motors has reached 76,210 units in May 2022. In the year 2021, the company sold 26,661 vehicles in the month of May. In this way sales have increased almost three times.

The company benefited from increasing demand for EVs

According to reports, Tata Motors will benefit the most from the increasing demand for electric vehicles. The company’s financial year 2022 fourth quarter results show that the company is making a recovery in the Indian market. This has happened due to the increase in the demand for passenger vehicles and commercial vehicles. However, insufficient availability of semiconductors and rising inflation are the biggest hurdles facing the company. However, it is expected that these obstacles will be overcome in the medium term. The company’s sales figures for May 2022 are quite encouraging. Passenger and electric vehicle sales have reached record levels this month. Therefore, there is every possibility of the company’s stock to remain positive in the long term.

Fall buying advice

The stock trend of Tata Motors has now changed from sideways down to sideways up. This stock will show a sharp upside movement once it closes at Rs 470 to 480. At present, this stock of Tata Group is trading in the range of 390 to 480. Investors who have this stock in their portfolio should retain this stock. At the same time, new investors can buy it at the level of Rs 425. He should keep a stop loss of Rs 390. As long as this stock is trading in the range of Rs 390 to 480, any fall in this stock should be seen as an opportunity to invest in it.

Disclaimer- The information provided here is for informational purposes only. Always consult an expert before investing money as an investor. ABPLive.com No one is ever advised to invest money in these places.

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Arindam

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