Shares of Tata Motors fell by over a per cent to their day’s low of Rs 705 on the NSE after its British subsidiary Jaguar Land Rover announced an extension of the current pause in production until Wednesday, September 24. With today’s fall, the stock price is down for a second session in a row. … Read more
Global brokerage Jefferies warns that Tata Motors’ share price could drop to Rs 550, citing a 37–41% year-on-year (YoY) decline in Q1 EBITDA and pre-ex PBT, which also came in 13–22% below its estimates (JEFe). “We cut FY26-28E EPS by 8-15% on lower volumes and margins for JLR and India PVs. We expect a 19% … Read more
Amid concerns over sluggish vehicle demand even in the ongoing festive season, auto stocks succumbed to selling pressure on Tuesday. Tata Motors led the downside with 6% drop. Nifty Auto index was trading over 2% lower. Shares of Bajaj Auto and Hero Moto fell around 3% each while Maruti Suzuki and Mahindra & Mahindra were … Read more
Brokerage firm Nomura maintained a buy rating on Tata Motors while CLSA maintained a sell rating on Vodafone Idea, and Jefferies has a buy rating on Godrej Consumer and Bajaj Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Tata Motors: Buy| Target Rs 786 … Read more
Shedding its ‘underperformer’ tag of the past four years, the Indian auto sector is all set to post a double-digit earnings CAGR over FY23-26E making it a prize catch for the investors, Jefferies said in a note while picking 9 stocks as buys out of the 11 in its auto universe coverage. Jefferies picks Tata … Read more
PB Balaji, CFO, Tata Motors, says “we are significantly better than where we were before. We are getting much more visibility into talking in terms of visibility into the end of Q2 and beyond, compared to earlier it was just a week or two. So, things have improved substantially, but it is fair to say … Read more
Tata Motors can rally another 13%, with the stock expected to scale target of Rs 700, riding on strong growth drivers. Motilal Oswal has recommended a ‘Buy’ rating on Tata Motors, estimating a healthy recovery as supply-side issues ease and commodity headwinds stabilise for its India business. India’s largest EV play is expected to benefit … Read more
Equity markets started the week on an optimistic note, helped by continuous positive news on the domestic macro front and favourable global trends. The S&P BSE Sensex rose 240 points at 62,787, while the Nifty50 settled at 18,593 levels. Among the sectors, auto gained 0.92%, pharma was up 1.23%, capital goods climbed nearly 1.14%, while … Read more
Brokerage firm Jefferies maintained a buy rating on , Morgan Stanley has an overweight rating on Dr Reddy’s Laboratories, Nomura maintained a buy on , and Nirmal Bang has a buy rating on post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Bajaj … Read more
Indian market snapped its 2-day winning streak to close in the red on Wednesday. The S&P BSE Sensex fell more than 150 points while Nifty50 closed below 18,200 levels. Sectorally, buying was seen in banks, FMCG, and telecom stocks while selling was seen in realty, metals, consumer durables, and healthcare. Stocks that were in focus … Read more