Buy Tata Motors; target of Rs 826: LKP Research

LKP Research is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 826 in its research report dated January 30, 2025.

Broker Research

January 31, 2025 / 14:14 IST

Buy

26 Aug, 2025 12:21

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LKP Research's research report on Tata Motors

Tata Motors’ consolidated EBITDA was below our estimates, led by weak JLR and CV business performance, partly offset by better-than-expected domestic PV business performance. JLR’s FCF generation remained below expectations, despite better-than-expected EBIT margin. While we expect the near term to remain challenging, we believe demand trends will gradually improve across the three business segments. US shall remain strong for JLR, with uncertainty hovering around Chine and Europe.

Outlook

Domestic CV industry is expected to show an uptick from FY 26, with Q4 expected to report flattish growth, reduction in declines seen in the last few quarters. PV segment is expected to see a comeback with slurry of new launches. Maintain BUY with a pruned down target price of ₹826 on the back of weak set of numbers in Q3.

For all recommendations report, click here