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    HomeNewsBusinessStocksBuy Tata Motors; target of Rs 840 Sharekhan

    Buy Tata Motors; target of Rs 840 Sharekhan

    Sharekhan is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 840 in its research report dated December 20, 2023.

    Broker Research
    December 26, 2023 / 10:00 IST
    Buy

    Buy

     
     
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    Sharekhan's research report on Tata Motors

    Tata Motors has secured CMVR type approval certificate for its hydrogen fuel cell-powered buses. It has established itself in EV space and is now trying to gain expertise on hydrogen fuel technology. JLR is expected to perform better in H2FY24 as compared to H1FY24.

    Outlook

    We maintain a Buy on Tata Motors with a revised PT of Rs 840 on expectation of continued improvement in JLR, PV and CV businesses and further reduction in 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 - 23 - 12 - 2023 - khan

    Broker Research
    first published: Dec 26, 2023 09:58 am

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