Tata Motors shares jump 3.5% as management reassures of JLR progress. Should you buy, sell or hold?
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The shares of Tata Motors rallied as much as 3.5% on the BSE, to their day’s high of Rs 671, rebounding from its recent 52-week low of Rs 606.20 after the company’s management reassured the investors in a management meet, that Jaguar Land Rover (JLR) is well on track to achieve its FY25 EBIT guidance. The CFO stated that they will achieve FY25 EBIT margin guidance of at least 8.5%, however, noted that FY26 JLR volume performance may be stressed due to the discontinuation of the Jaguar models. Additionally, it was highlighted that potential US tariffs on Europe may require JLR to offset the impact through price hikes and cost savings. Meanwhile, India's passenger vehicle (PV) volume growth in FY26 is expected to be fueled by the repositioning of the Curvv model and the launch of the Harrier EV and Sierra model. After this development, here is what analysts at various brokerage firms say: Live Events Motilal Oswal: Neutral| Target price...