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Motilal Oswal keeps Sell on Tata Motors PV, sets Rs 310 target

Motilal Oswal retained its Sell rating on Tata Motors Passenger Vehicles, citing JLR demand and cost pressures, geopolitical risks, rising debt and weak India PV margins despite market-share gains. It raised FY27 EPS estimates 12% after better-than-expected JLR performance.

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Reported figures

From the report. Source details below

Q1 FY27 adjusted PAT: Rs 1,140 crore
Brokerage estimate: Rs 120 crore loss
Net consolidated automotive debt: Rs 42,200 crore
Previous-quarter net automotive debt: Rs 30,700 crore
JLR valuation: 2x EV/Ebitda
India PV valuation: 13x EV/Ebitda

Also in the report

  • Sell rating

The source

Source Read the source at NDTV Profit Published

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