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
“There is no question related to the demand situation for next two-three quarters as there are supply side constraints impacting but despite all this adverse situation company’s profitability will improve in Q3 and interestingly semiconductor issue also seems to be now slowly getting much better,” says Mitul Shah, Reliance Securities. The street seems to be … Read more
New Delhi: plunged as much as 5% in Monday’s trade after the company’s luxury arm Jaguar Land Rover (JLR) reported a muted update for the September quarter. Jaguar Land Rover reported a 4.9% decline in retail sales at 88,121 units in the second quarter ended September 30, 2021. The company had posted retail sales of … Read more
, part of the automobile sector, has been an underperformer so far in 2022 but recent price action suggests that bulls are catching up and aggressive investors can play for a technical bounce towards Rs 500 levels. The stock with a market capitalization of nearly Rs 1.5 lakh crore hit a 52-week high of Rs … Read more
New Delhi: Foreign brokerage firm HSBC Global Research retained its positive view on , with a ‘buy’ call, and increased the target price on the counter. The brokerage said improvement in semiconductor supply should help Jaguar Land Rover (JLR) volumes going forward, disproportionately benefiting the cash flows. Semiconductor supply is likely to improve every month … Read more