BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Macquarie maintains outperform on Tata Motors
Macquarie has maintained it's "outperform" rating on Tata Motors for a target of Rs 600. Tata Motors shares trade at 10 times its FY18 estimated earnings. Its operating margins to get a boost from pound depreciation. We expect new models to drive strong growth for JLR.