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 buy on Tata Motors
Expect over 35 per cent potential upside in the stock. Expect Tata Motors earnings to double in 3 years. Stock is trading at attractive valuations. Jaguar Land Rover is gearing for 1 million unit sales. JLR margins are likely to remain strong. JLR has aggressive launch plans over next 5 years. JLR sales have been impacted due to the capacity constraints.