CLSA has upgraded Tata Motors to an ‘Outperform’ rating, setting a target price of ₹968 per share, indicating a potential 20% upside from the current market price (CMP) of ₹803.55. The brokerage notes that the company remains confident in its Jaguar Land Rover (JLR) guidance for EBIT margins in FY25 and FY26. While management is cautious about the commercial vehicles (CV) segment, new launches in the passenger vehicles (PV) segment are expected to drive growth.
Disclaimer: This information is for informational purposes only and does not constitute financial advice.
