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Buy Tata Motors; target of Rs 1235: Sharekhan

Sharekhan is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 1235 in its research report dated June 12, 2024.

June 13, 2024 / 13:44 IST
Buy
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Tata Motors

    Tata Motors Ltd (TML) continues to target for a double-digit EBITDA margin in both PV and CV business on sustainable basis. It aims for an EBITDA breakeven in EV business in FY26. It expects a gradual improvement in market share in CV segment, while it plans to follow a product launch strategy to gain market share in PV segment.

    Outlook

    We maintain our Buy on Tata Motors Ltd (TML) with a SOTP-based unchanged PT of Rs 1235 on expecting continued improvement in JLR, PV and CV businesses and reduced net automotive debt.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Tata Motors - 13062024 - khan

    Broker Research
    first published: Jun 13, 2024 01:44 pm

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