FY25 is going to phenomenal year for Tata Motors: Avinash Gorakshakar

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Leading stock broking house, Profitmart Securities Pvt Ltd, Research Desk Head, Avinash Gorakshakar has given buy call on two stocks. One is Anant Raj which is a real estate player in Gurugram. And, the other is homegrown automobile juggernaut, Tata Motors. Gorakshakar has given a price target of Rs 450 on the former. He said, “This company’s results were declared on April 24. It clocked revenue of Rs 1,483 crore which was Rs 950 crore last year. Company’s profit was Rs 263 crore which was Rs 150 crore last year. The corporate has scaled up its data centre business. This is such a real estate company that has established data centre of 300 MW capacity. This business will spin off Rs 200-250 crore revenue. I think next year the firm will clock profit of Rs 350 crore. The stock is currently at Rs 360 levels. Next year, we can see the scrip going up to Rs 450. So, Anant Raj should definitely be in investor’s portfolio.”

On his second pick, Gorakshakar, has given a price target in the range of Rs 1,150-1,200. He said, ‘We like Tata Motors amongst large cap stocks. The firm has undergone a huge corporate development. The corporate has said that it will demerge its commercial and passenger vehicle businesses. This means in coming days, there is scope for re-rating. FY25 is going to a phenomenal year. The firm is going to post spectacular numbers. Be it passenger cars, be it commercial vehicles, the firm is doing a phenomenal work in all segments. Investors can get target price of Rs 1,150-1,200. They should give a minimum time frame of 6-12 months. The stock is a good option in large cap space.” On Tuesday, the scrip closed at Rs 1,009 on the BSE.

On Tuesday, the equity benchmarks closed in red. Although, the 50 constituent benchmark Nifty hit all time high levels of 22,783.35 points before closing in red. While, Sensex closed at 74,482.78 points. Market movements have been closely watched by experts as Union Election 2024 is going on in the country. Like Gaurang Shah,  Sr. VP at investment services company, Geojit Financial Services, Gorakshakar also holds the view that owing to the elections and ongoing result season, markets will be volatile in next one and a half months.

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