BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
HSBC maintains buy on Tata Motors
HSBC has maintained "buy" call on Tata Motors for a target of Rs 590.Volume growth may remain lacklustre over next 6-9 months. HSBC sees another strong product cycle kicking in from Q3 of this fiscal. Sharp macro weakness or pound appreciation is key downside risks for the company, the brokerage added.