If Your Granddad Invested ₹10,000 In Tata Motors In 2003, Here's How Much You'd Have Today

Tata Motors shares have been showing strong recovery in the past few years. The stock after a rough patch of around five years between 2015-2020 has been on a steady upward trajectory. Just this year, the Tata Motors share price has gone up over 60%.

The Investment: If your grandad had invested ₹10,000 in Tata Motors on November 3, 2003, when shares were trading at ₹61.5 each, he would have purchased about 162 shares. Fast forward to November 3, 2023, with shares now trading at around ₹640-₹650, your initial investment would have been worth around ₹1.05 lakh.

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Earnings Overview: Tata Motors’ shares surged 4%, following its September quarter earnings report. The company announced a net profit of ₹3,764 crore, a significant turnaround from the net loss of ₹944 crore reported the same quarter a year ago.

The company’s revenue stood at ₹1.05 lakh crore, marking a 32% increase from the ₹79,611 crore reported in the year-ago period. The EBITDA for the quarter came in at ₹13,767 crore, substantially rising from ₹5,571 crore in the same quarter the previous year. The EBITDA margin for the quarter was at 13.1%.

Brokerage	Rating	Target Price (₹)
CLSA	Buy	₹803
Jefferies	Buy	₹800
Morgan Stanley	Overweight	₹711

Price Action: Tata Motors’ share price was up 2.23% to trade at ₹650.65 in early trade on Friday.

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^{Price adjusted for dividends, splits, and bonuses.}

^{Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
Editor’s Note: AI was used as a secondary aid in the writing of this article.}