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MUMBAI: Jim Simons, considered one of the greatest money managers to ever walk on Wall Street, is credited with revolutionising global equity markets by introducing computer model-based trading strategies.
His hedge fund Renaissance Technologies, which uses quantitative strategies to make money for its clients, is the undisputed king of hedge funds, when it comes to performance.
In his book The Man Who Solved The Market, Gregory Zuckerman said that Simons flagship Medallion Fund generated annual returns of 66 per cent CAGR since 1988, beating the likes of Peter Lynch, Ray Dalio and even Warren Buffett.
Yet, the greatest money-maker in the world perhaps did not see the head-spinning rally in the shares of Tata Motors coming.
To commemorate its 75th anniversary, Tata Motors has launched the founders edition of its new range of cars and SUVs, exclusively for employees across Tata Group. This limited edition line has been designed as a tribute to JRD Tata, Tata Motors visionary founder. These select cars and SUVs will carry an insignia of JRD Tata. The signature of JRD Tata will enable “one to convey a sense of pride and fulfillment about being a part of the Tata family,” said Tata Motors. Dear Reader,
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Read more about Tata Motors appoints Marc Llistosella as new CEO and managing director on Business Standard. Llistosella replaces Guenter Butschek whose five year tenure is coming to an end later this month
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NEW DELHI: Maybank Kim Eng Securities, which is a subsidiary of Malaysian Maybank, sees the fair value of Tata Motors shares at half its price today as it believes concerns over Jaguar Land Rover still persist.
In a post-earnings note released on Thursday, Jigar Shah and Vikram Ramalingam, analysts at the brokerage, said stock is overvalued considering multiple headwinds.
“The concern on its high debt levels remains and the need to incur elevated capex due to a shift to electric vehicles in the EU by 2030 will pressure its cash flows. Tata Motor’s EV/Ebitda of 6x FY22E is at a premium to European peers and versus its long term EV/Ebitda of 4x is unjustified,” the duo said.
Electric vehicles: the next growth driver
After recently launching Jaguar XE, Jaguar XF, and Land Rover Discovery, the company is building further on its expansion plans in the EV segment. It remains committed to its electrification strategy and has a growing portfolio of electrified Jaguar and Land Rover vehicles extending to 12 models across its portfolio. JLR also plans to continue with the rollout of its new range of 21 Model Year vehicles.
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Over the last few years, Tata Motors has channelised a significant part of its efforts towards the development of electric vehicles and the results are showing now. Suraj Ghosh, principal analyst at IHS Markit says that while Tata began its journey with the Tigor EV, it s the success of Nexon that made the difference. “The Nexon has hit a nice balance between affordability and parity with ICE-vehicles (internal combustion engine vehicles) as it demands only about 20% premium over its top-trim diesel automatic variant,”