Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
233.35
Change Change %
-7.45 -3.09%

Updated:26 Sep, 2018, 15:59 PM IST

BSE
233.30
Change Change %
-7.60 -3.15%

Updated:26 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Deutsche Bank
N/A
26-02-2016 Hold 300.95 325.00
N/A
Target Hit Custom
26-02-2017

Deutsche Bank maintains hold on Tata Motors

Deutsche Bank has maintained its 'hold' rating on Tata Motors and upgraded its target price to Rs 325 per share. It says weakening pound sterling is positive for Tata Motors and Tata Motors has a net long exposure to the pound sterling. Deutsche Bank has increased FY'17/18 EBITDA and EPS forecast by 7-10 per cent and target for Tata Motors is based on 3.6 times FY17 estimated EV/EBITDA.

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