BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Macquarie maintains outperform on Tata Motors
JLR is poised for strong volumes. Expect upcoming SUV models to have better margins. Expect 20 per cent compound annual growth in JLR volumes between FY2016-18. Concerns on operating margins are exaggerated. Stock trades at 8.6 times of FY2017 estimated price earnings multiple.