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Brokerage Calls: Expert views on 4 largecap stocks

Thu, May 03, 2012 at 08:47

| Source: CNBC-TV18
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Tata Motors

Brokerage: Goldman Sachs

Rating: Buy

Target: Rs 348

Rationale: While the India business is a source of cyclical and structural risk, it contributes only 16% to consolidated operating profit. Correspondingly for JLR, the potential upside risk to valuation from an upgrade cycle appears relatively higher on better EBITDA margins and volume growth.

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