Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 October, 2014 12:27 IST
News
ICICIdirect upgrades Tata Motors to 'Buy'
Source: IRIS | 24 Dec, 2012, 04.53PM
Comments  |  Post Comment

Stock broker ICICIdirect has upgraded Tata Motors (TML) to Buy with target price of Rs 360.

Commenting on the investment rationale, the broking firm said, "TML under the stewardship of Karl Slym has set the ball rolling for aggressive R&D in passenger vehicles in India. The company has plans to reverse the tide of low volumes, heavy discounting and declining market share by investing Rs 7.5 billion in the domestic passenger vehicle segment.

The focus on R&D is similar to the path JLR is following, which is of launching new path breaking products in the segment. The new products including a mini-SUV, diesel and CNG variants of the Nano will be launched starting from FY14E.

This period may also witness both Jaguar-Land Rover (JLR) and the domestic business performing together, as JLR has a significant product up-cycle starting from H1FY14E.

Tata Motors looks set to enter the purple patch of earnings with interest rate cycle reversal in India coupled with newer product launches complementing the global business of JLR.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



Tata Motors Limited   (Q,N,C,F)*


News
Tinplate Company of India standalone quarterly profit falls 29.06% - 22-Oct-2014 19:24
Kansai Nerolac Paints standalone quarterly net surges 40.62% - 22-Oct-2014 19:20
T E C I L Chemical & Hydro Power loss widens in Jul-Sep quarter - 22-Oct-2014 18:09
Transwarranty Finance consolidated quarterly net soars 2.66 times - 22-Oct-2014 18:03
Wipro consolidated Q2 profit rises 8% - 22-Oct-2014 16:46
SBI launches mPassBook facility in 'State Bank Anywhere' smart phone application - 22-Oct-2014 16:37
BSE inks strategic pact with Yes Bank - 22-Oct-2014 16:23
FIIs hike stake in Hindustan Zinc, DIIs cut exposure - 22-Oct-2014 16:07
DIIs increase stake in Unitech in September quarter - 22-Oct-2014 16:05
Zensar Technologies allots 1,560 equity shares - 22-Oct-2014 16:02
Tata Metaliks swings to consolidated profit in Jul-Sep quarter - 22-Oct-2014 15:59
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   2tfbgz into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer