BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Tata Motors
With a robust product slate planned for FY2017, we expect overall volumes to grow at a healthy rate over FY16-FY18. JLR's margins are set to improve 140 basis points to 15.6 per cent on strong volume growth. We maintain "buy" rating on Tata Motors with a March 2017 target price of Rs 530.