Tata Motors shares – Tata Motors shares: Macquarie sees 22% upside in Tata Group stock, here’s why
Shares of Tata Motors Ltd were trading on a flat note in early deals on Wednesday even as global brokerage Macquarie
maintained an ‘Outperform’ rating on the Tata Group firm. Macquarie has added Tata Motors to the ‘tactically preferred stocks’ in India list.
It has a price target of Rs 826 on the stock, an upside of 21.7% from its current market price (CMP). The brokerage finds risk-reward favourable in Tata Motors after the recent correction in the stock.
The stock has fallen 30% in the last six months and is down 9% this year.
According to the brokerage, JLR’s peers are expect a healthy demand from the US and the management is confident in delivering JLR’s net cash balance sheet by March 2025.
“Global peers remain optimistic on…
