Motilal Oswal Financial Services (MOFSL), also has a "BUY" rating with the target price of Rs 127.
Shares of Tata Motors rallied over 8 per cent on the BSE on Monday after the company on Friday released its June quarter numbers for the fiscal year 2020-21 (Q1FY21).
At 09:47 am, the stock was trading nearly 5.5 per cent higher at Rs 110.40 on the BSE. The stock, in the early deals, hit a high of Rs 113.40, up 8.3 per cent against Friday's close of Rs 104.70. In comparison, the S&P BSE Auto index was up over 1 per cent at 16,693 levels while the benchmark S&P BSE Sensex was down nearly a per cent at 37,262 levels.
Tata Motors' stock had hit a high of Rs 201.80 on January 15, 2020 while its 52-week low level stands at
First Published: Aug 03 2020 | 10:28 AM IST