BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA maintains buy on Tata Motors
CLSA has maintained 'buy' call on Tata Motors. However, it has cut target price to Rs 460/share. It says stock offers strong 34 per cent compound annual growth rate in earnings per share. JLR volume growth has picked up. CLSA is cutting FY16-18 calendar year earnings per share by 8-9 per cent. CLSA adds that valuation of Tata Motors is reasonable.