Automobile · TMCV
Auto & Auto Ancl - CV
from 457 today
Tata Motors posted strong all-round performance in 1Q with PAT beating estimates due to higher margins and other income. The stock appears fairly valued at 23.5x FY27E and 20x FY28E EPS, leading to a reiterated Neutral rating with a TP of INR434.
TMCV reported a positive margin surprise in Q1FY27 alongside strong domestic demand momentum and export outperformance. We maintain our BUY rating with a revised target price of INR 535.
Tata Motors posted a strong all-round performance in 1QFY27 with PAT above estimates due to higher margins and other income, though the stock at current valuations appears fairly valued.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
