TATA MOTORS BIG UPGRADE BY BROKERAGE

Jefferies has issued a buy call on Tata Motors, setting a target price of Rs 1,250 per share. The firm reiterates the company’s focus on strengthening its brand and improving profitability across its passenger vehicles (PVs) and commercial vehicles (CVs) segments. Tata Motors aims to increase its market share in PVs to 16 percent by FY27 and to 18-20 percent by FY30.

Additionally, Tata Motors targets achieving a double-digit EBITDA margin in both its CV and PV (Internal Combustion Engine) segments and aims to break even in its electric vehicle (EV) segment by FY26.