Automobile
Auto - 4 Wheelers
from 330 today
We maintain a Buy rating with an SOTP-based price target of Rs. 406, driven by a strong domestic market and unchanged guidance for JLR despite a challenging Q1.
Tata Motors Passenger Vehicles reported adjusted PAT of INR11.4b in 1QFY27, aided by better-than-expected JLR performance, but margins remain under pressure. We reiterate our Sell rating on the stock with a SoTP-based target price of INR310.
Given the significant challenges at JLR and the continued geopolitical uncertainty, we reiterate our Sell rating on the stock with SoTP-based TP of INR310 per share.
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.
