Strong beat driven by healthy growth across businesses

Company
11 Mar 2024
5 Min read 
  • TATA Motors beats estimates for EBITDA and PAT in 3QFY24.
  •  JLR maintains margin guidance and reports 8.8% EBIT margin in the quarter.
  •  Upgraded EPS for FY24E/25E due to better gross margin, higher income, and lower tax.
  •  JLR expected to drive growth, while PV/CV segments to see stable growth.
  •  Reiterate BUY rating with TP of INR1,000 based on SOTP valuation.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority

Click here to see your activities