This ‘Big Bull’ stock rose over 180% in one year, would you bet?

Rakesh Jhunjhunwala Portfolio: The shares of ‘Big Bull’ Rakesh Jhunjhunwala are widely tracked by the investors. The shares of Tata Motors Limited, a part of Rakesh Jhunjhunwala’s portfolio, have given multi-bagger returns to its shareholders in the last 12 months. As per the shareholding pattern, Jhunjhunwala holds 1.11 per cent stake as of September 2021.

In the last one year, the share price of Tata Motors has increased from Rs 165.05 to Rs 470. The stock gave about 185 percent return during this period. With a market capitalization of more than Rs 1,55,000 crore, the shares are trading higher than 100 day and 200 day moving average but lower than 5 day, 20 day and 50 day moving average.

If stock market experts are to be believed, then this stock can go up further. Brokerage house Motilal Oswal has given ‘Buy’ rating on the share with a target price of Rs 565 per share.

Motilal Oswal expects Tata Motors to see a gradual recovery from 2QFY22 lows as supply-side issues ease and commodity headwinds stabilize (for India business). It will benefit from the triple benefits of macro recovery, company-specific volume/margin drivers, and sharp improvement in free cash flow (FCF) and leverage in the India business along with JLR.

According to Macquarie, the increase in market share and new launches are positive catalysts for the company. The brokerage firm has maintained an ‘Outperform’ rating on the stock with a target price of Rs 567 per share.

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