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    HomeNewsBusinessStocksBuy Tata Motors; target of Rs 787: Sharekhan

    Buy Tata Motors; target of Rs 787: Sharekhan

    Sharekhan is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 787 in its research report dated October 02, 2023.

    Broker Research
    November 05, 2023 / 11:13 IST
    Buy

    Buy

     
     
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    Sharekhan's research report on Tata Motors

    With cash flow of GBP 751 million in H1FY24, JLR targets to be net cash positive by FY25. For JLR, H2FY24 is expected to be better than H1FY24, CV and PV business registered q-o-q improvement in EBITDA margin. Net automotive debt fell from Rs 41,700 crore in Q1FY24 to Rs 38,700 crore in Q2FY24.

    Outlook

    We maintain Buy with revised PT of Rs 787 in expectation of continued improvement in JLR, PV and CV business along with 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 - 04 - 10-2023 - khan

    Broker Research
    first published: Nov 5, 2023 11:13 am

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