Profit

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

NSE
184.60
Change Change %
4.70 2.61%

Updated:19 Nov, 2018, 15:31 PM IST

BSE
184.30
Change Change %
4.90 2.73%

Updated:19 Nov, 2018, 15:45 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
15-02-2017 Hold 447.40 501.00
N/A
Closed Long (1Y)
15-02-2018

Edelweiss downgrades Tata Motors to hold

Edelweiss has downgraded Tata Motors to 'hold' from 'buy' for target price of Rs 501. It says Tata Motors' Q3FY17 consolidated EBITDA plummeted 42 per cent year on year to Rs 520 crore and came 40 per cent below their estimates. Edelweiss has lowered its  FY17-18 estimated EBIDTA by 35-25 per cent to Rs 2,950-3,850 crore to reflect weaker margins. It has downgraded Tata Motors to 'hold' from 'buy' for target of Rs 501.

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