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Tata Motors Shares: Stay Put Or Book Profit? Tata Motors Stock | Most Valuable Auto Stock

Tata Motors Shares: Stay Put Or Book Profit? Tata Motors Stock | Most Valuable Auto Stock

Sakshi Batra
Sakshi Batra / Shailendra Bhatnagar
  • New Delhi ,
  • Feb 5, 2024,
  • Updated Feb 5, 2024, 8:05 PM IST

 

Sharad Avasthi, PCG Head of Research at SMIFS, comments on Tata Motors shares reaching record highs. He emphasizes the company's robust Q3 performance but advises investors to closely monitor its domestic business performance. Avasthi predicts a long-term target of ₹1,000 to ₹1,050 per share. While suggesting conservative investors to consider booking profits, he highlights the stock's continued attractiveness for long-term positions. Avasthi recommends conservative investors to secure 30-40% of their investment gains while emphasizing the stock's enduring appeal at current levels. He underscores the importance of monitoring the company's domestic business dynamics for investors.

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