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Sharekhan's research report on Tata Motors
Tata Motors Ltd plans to separately list its CV and PV businesses in equity markets. TML has been consistently showing an improvement in all of its business segments.
Outlook
We maintain a Buy with a revised PT of Rs 1,188 on expectations of continued improvement in JLR, PV and CV business and reduced net automotive debt from current levels. Stock trades at P/E multiple of 14.6x and EV/EBITDA multiple of 5.6x its FY26E estimates.
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Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!