Buy Tata Motors: target 570 & Yes Bank: target 1500. The stocks are expected to rise within 6 months to the target price.
Jaguar and Land rover (JLR), subsidy of Tata motors, December 2016 wholesale volume grew 4.1% YoY (2.5% MoM) to 53,000. Jaguar volumes grew by 81% YoY.
The new launch of TATA Hexa in the utility vehicle is very demanding. Its already getting a lot of public attention with genuine price of only 11.99 lakhs (Ex- showroom Mumbai). The upcoming models of Tata motors Nexon & Kite are also in lot of news.
Signing of Akshay Kumar as the Brand ambassador of Tata motors – commercial vehicles, will boom the already dominating market of Tata in commercial vehicles.
Yes Bank on Thursday reported a 30.6 per cent (YoY) jump in profit after tax (PAT) at Rs 882.6 crore for the quarter ended December 31, 2016. The private lender had reported a net profit of Rs 675.77 crore for the year-ago quarter. The growth was driven by strong net interest income, other income and lower provisions.
Quick fact – Yes Bank CEO Rana Kapoor has become a billionaire as shares in the lender jumped 16.4%, making it the best-performing stock among India’s banks.